Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
OMX Tallinn_GI (NASDAQ:OMXTGI)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 UP since Jan 30th, 2019 at 1233.81
The intermediate term trend has been DOWN since May 20th, 2019 at 1246.97
The short term trend has been DOWN since May 14th, 2019 at 1251.55
Smart Scan Analysis for OMXTGI
Based on a pre-defined weighted trend formula for chart analysis, OMXTGI scored -70 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|