Index Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
OMX Stockholm Oil & Gas GI (NASDAQ:SX0500GI)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SX0500GI
The long term trend has been DOWN since May 7th, 2019 at 1732.53
The intermediate term trend has been UP since Jun 20th, 2019 at 1748.97
The short term trend has been DOWN since Jul 16th, 2019 at 1968.68
Smart Scan Analysis for SX0500GI
Based on a pre-defined weighted trend formula for chart analysis, SX0500GI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2162.43||52wk High Date||2018-10-02|
|52wk Low||1142.25||52wk Low Date||2018-02-14|