Index Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
OMX Baltic Industrials PI (NASDAQ:B50PI)
Long-Term Downtrend (-90) - B50PI is in a strong downtrend that is likely to continue. While B50PI 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 B50PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B50PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B50PI
The long-term trend has been DOWN since May 11th, 2023 at 1170.32
The intermediate-term trend has been DOWN since Aug 10th, 2023 at 1131.38
The short-term trend has been DOWN since Sep 12th, 2023 at 1074.64
Smart Scan Analysis for B50PI
Based on our trend formula, B50PI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).