Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
OMX Stockholm Retail PI (NASDAQ:SX5300PI)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SX5300PI
The long term trend has been UP since Mar 29th, 2019 at 960.87
The intermediate term trend has been DOWN since Jan 10th, 2020 at 1125.25
The short term trend has been DOWN since Jan 8th, 2020 at 1140.96
Smart Scan Analysis for SX5300PI
Based on a pre-defined weighted trend formula for chart analysis, SX5300PI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1114.24||52wk High Date||2017-12-13|
|52wk Low||762.51||52wk Low Date||2018-03-28|