Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
OMX Stockholm Basic Resources GI (NASDAQ:SX1700GI)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SX1700GI
The long term trend has been DOWN since May 31st, 2019 at 1746.00
The intermediate term trend has been DOWN since Jul 16th, 2019 at 1808.45
The short term trend has been UP since Aug 19th, 2019 at 1706.74
Smart Scan Analysis for SX1700GI
Based on a pre-defined weighted trend formula for chart analysis, SX1700GI scored -75 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|