Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
OMX Stockholm Food & Drug Retailers PI (NASDAQ:SX5330PI)
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 SX5330PI
The long term trend has been UP since Oct 30th, 2018 at 3134.44
The intermediate term trend has been DOWN since Sep 9th, 2019 at 4362.04
The short term trend has been DOWN since Nov 8th, 2019 at 4180.50
Smart Scan Analysis for SX5330PI
Based on a pre-defined weighted trend formula for chart analysis, SX5330PI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3260.96||52wk High Date||2018-11-28|
|52wk Low||2804.82||52wk Low Date||2018-10-24|