Index Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
OMX Baltic Industrials GI (NASDAQ:B50GI)
Long-Term Downtrend (-90) - B50GI is in a strong downtrend that is likely to continue. While B50GI 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 B50GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B50GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B50GI
The long-term trend has been DOWN since Jan 21st, 2022 at 2216.06
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 2162.03
The short-term trend has been DOWN since May 6th, 2022 at 2162.86
Smart Scan Analysis for B50GI
Based on our trend formula, B50GI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).