Stock Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Swedbank AB Sp ADR (NASDAQ:SWDBY)
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 SWDBY
The long term trend has been DOWN since Feb 20th, 2019 at 21.21
The intermediate term trend has been DOWN since Jul 17th, 2019 at 14.64
The short term trend has been UP since Aug 19th, 2019 at 12.99
Smart Scan Analysis for SWDBY
Based on a pre-defined weighted trend formula for chart analysis, SWDBY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||25.99||Year High Date||2018-02-15|
|Year Low||20.31||Year Low Date||2018-05-29|
|52wk High||25.15||52wk High Date||2018-09-27|
|52wk Low||14.045||52wk Low Date||2019-03-29|
|Year End Close||19.8||Average Volume||48,374|
|Shares Outstanding||1,097,771||% Institutional||2.2|