Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
OMX Stockholm Telecommunications PI (NASDAQ:SX6500PI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SX6500PI
The long term trend has been UP since Dec 17th, 2018 at 1021.18
The intermediate term trend has been DOWN since Apr 11th, 2019 at 1022.58
The short term trend has been UP since May 16th, 2019 at 1008.15
Smart Scan Analysis for SX6500PI
Based on a pre-defined weighted trend formula for chart analysis, SX6500PI scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1035.26||52wk High Date||2018-05-09|
|52wk Low||872.86||52wk Low Date||2018-02-09|