Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
OMX Stockholm Banks GI (NASDAQ:SX8300GI)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SX8300GI
The long term trend has been UP since Feb 5th, 2019 at 2234.10
The intermediate term trend has been UP since Jan 10th, 2019 at 2180.14
The short term trend has been DOWN since Feb 20th, 2019 at 2224.56
Smart Scan Analysis for SX8300GI
Based on a pre-defined weighted trend formula for chart analysis, SX8300GI scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2475.8||52wk High Date||2018-10-01|
|52wk Low||2068.24||52wk Low Date||2018-05-29|