Index Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
OMX Baltic Basic Resources GI (NASDAQ:B5510GI)
Countertrend Down (-85) - B5510GI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid B5510GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B5510GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B5510GI
The long-term trend has been DOWN since Oct 5th, 2021 at 2279.50
The intermediate-term trend has been DOWN since Jul 15th, 2022 at 1982.34
The short-term trend has been UP since Aug 17th, 2022 at 1910.41
Smart Scan Analysis for B5510GI
Based on our trend formula, B5510GI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).