Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
OMX Stockholm Basic Resources GI (NASDAQ:SX1700GI)
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 SX1700GI
The long term trend has been UP since Sep 10th, 2019 at 1943.68
The intermediate term trend has been DOWN since Nov 28th, 2019 at 2127.36
The short term trend has been UP since Dec 5th, 2019 at 2117.91
Smart Scan Analysis for SX1700GI
Based on a pre-defined weighted trend formula for chart analysis, SX1700GI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2341.21||52wk High Date||2018-05-21|
|52wk Low||1635.73||52wk Low Date||2018-11-27|