Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
OMX Baltic Consumer Discretionary PI (NASDAQ:B40PI)
Countertrend Up (+85) - B40PI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid B40PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B40PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B40PI
The long-term trend has been UP since Jan 3rd, 2022 at 1081.18
The intermediate-term trend has been UP since Dec 13th, 2021 at 1055.81
The short-term trend has been DOWN since Jan 18th, 2022 at 1102.70
Smart Scan Analysis for B40PI
Based on our trend formula, B40PI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).