Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
OMX Stockholm Utilities PI (NASDAQ:SX7500PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SX7500PI
The long term trend has been UP since Mar 12th, 2019 at 330.48
The intermediate term trend has been UP since May 20th, 2019 at 350.48
The short term trend has been DOWN since Jun 18th, 2019 at 359.42
Smart Scan Analysis for SX7500PI
Based on a pre-defined weighted trend formula for chart analysis, SX7500PI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||366.96||52wk High Date||2018-10-04|
|52wk Low||244.86||52wk Low Date||2017-12-18|