Index Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
OMX Stockholm Pharmaceuticals & Biotechnology GI (NASDAQ:SX4570GI)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Sep 20th, 2019 at 3938.68
The short term trend has been DOWN since Dec 3rd, 2019 at 4050.19
Smart Scan Analysis for SX4570GI
Based on a pre-defined weighted trend formula for chart analysis, SX4570GI scored +65 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|