Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
OMX Stockholm Aerospace & Defense PI (NASDAQ:SX2710PI)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SX2710PI
The long term trend has been DOWN since Oct 23rd, 2018 at 2545.37
The intermediate term trend has been DOWN since Mar 7th, 2019 at 2380.69
The short term trend has been DOWN since Mar 25th, 2019 at 2344.41
Smart Scan Analysis for SX2710PI
Based on a pre-defined weighted trend formula for chart analysis, SX2710PI scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3252.72||52wk High Date||2018-10-03|
|52wk Low||2357.17||52wk Low Date||2018-10-26|