Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
OMX Stockholm Mobile Telecommunications PI (NASDAQ:SX6570PI)
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 SX6570PI
The long term trend has been UP since Dec 12th, 2018 at 943.93
The intermediate term trend has been UP since Feb 18th, 2019 at 927.61
The short term trend has been DOWN since Mar 25th, 2019 at 986.61
Smart Scan Analysis for SX6570PI
Based on a pre-defined weighted trend formula for chart analysis, SX6570PI scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||972.63||52wk High Date||2018-05-08|
|52wk Low||820.03||52wk Low Date||2018-02-09|