Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
OMX Tallinn_GI (NASDAQ:OMXTGI)
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.
MarketClub’s Trade Triangles for OMXTGI
The long term trend has been DOWN since Sep 3rd, 2019 at 1240.89
The intermediate term trend has been DOWN since Aug 5th, 2019 at 1262.58
The short term trend has been UP since Sep 16th, 2019 at 1229.92
Smart Scan Analysis for OMXTGI
Based on a pre-defined weighted trend formula for chart analysis, OMXTGI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1320.62||52wk High Date||2018-03-01|
|52wk Low||1177.32||52wk Low Date||2018-10-31|