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Index Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

OMX_Stockholm_Large_Cap_PI (NASDAQ:OMXSLCPI)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low OMXSLCPI Price Change
172.65 172.86 171.53 171.79 -1.10
Entry Signal

MarketClub’s Trade Triangles for OMXSLCPI

long term down The long term trend has been DOWN since Jun 3rd, 2019 at 165.52

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 175.61

short term up The short term trend has been UP since Aug 19th, 2019 at 171.68

Smart Scan Analysis for OMXSLCPI

Based on a pre-defined weighted trend formula for chart analysis, OMXSLCPI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for OMXSLCPI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
172.65 172.86 171.53 171.79 -1.10
Prev. Close Volume Bid Ask Time
171.6 0 2019-08-22 11:34:00
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