Index Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Morningstar Norway Index PR NOK (CME:MSNONOKP)
Bull Market Weakness (+75) - MSNONOKP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MSNONOKP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MSNONOKP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSNONOKP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSNONOKP
The long-term trend has been UP since Jul 21st, 2020 at 2375.75
The intermediate-term trend has been UP since Jan 3rd, 2022 at 3179.25
The short-term trend has been DOWN since Jan 10th, 2022 at 3170.13
Smart Scan Analysis for MSNONOKP
Based on our trend formula, MSNONOKP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).