Index Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
OMX Baltic Consumer Discretionary GI (NASDAQ:B40GI)
Long-Term Downtrend (-90) - B40GI is in a strong downtrend that is likely to continue. While B40GI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid B40GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B40GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B40GI
The long-term trend has been DOWN since Aug 2nd, 2021 at 1050.40
The intermediate-term trend has been DOWN since Jul 2nd, 2021 at 1106.81
The short-term trend has been DOWN since Jul 28th, 2021 at 1083.10
Smart Scan Analysis for B40GI
Based on our trend formula, B40GI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).