Index Trend Analysis Report
Prepared for you on Saturday, June 3, 2023.
OMX Nordic 40 (NASDAQ:OMXN40)
Crossroads (-60) - OMXN40 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OMXN40?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXN40.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXN40
The long-term trend has been UP since Dec 1st, 2022 at 2208.20
The intermediate-term trend has been DOWN since May 30th, 2023 at 2295.64
The short-term trend has been DOWN since May 24th, 2023 at 2348.76
Smart Scan Analysis for OMXN40
Based on our trend formula, OMXN40 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1643.71||52wk High Date||2018-01-23|
|52wk Low||1403.02||52wk Low Date||2018-10-25|