Index Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
OMX Stockholm Media PI (NASDAQ:SX5550PI)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SX5550PI
The long term trend has been DOWN since Dec 10th, 2018 at 613.03
The intermediate term trend has been DOWN since Jan 28th, 2019 at 601.34
The short term trend has been UP since Feb 22nd, 2019 at 598.44
Smart Scan Analysis for SX5550PI
Based on a pre-defined weighted trend formula for chart analysis, SX5550PI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||803.62||52wk High Date||2018-05-22|
|52wk Low||613.03||52wk Low Date||2018-10-15|