Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
OMX Stockholm Pharmaceuticals & Biotechnology GI (NASDAQ:SX4570GI)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SX4570GI
The long term trend has been UP since Aug 1st, 2019 at 4070.60
The intermediate term trend has been DOWN since Aug 14th, 2019 at 3938.85
The short term trend has been DOWN since Aug 13th, 2019 at 4006.15
Smart Scan Analysis for SX4570GI
Based on a pre-defined weighted trend formula for chart analysis, SX4570GI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4255.97||52wk High Date||2018-10-03|
|52wk Low||2613.86||52wk Low Date||2017-12-06|