Index Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
OMX Baltic Basic Resources GI (NASDAQ:B5510GI)
Bull Market Weakness (+75) - B5510GI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on B5510GI as it may be in the beginning stages of a reversal.
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 UP since Jan 25th, 2023 at 1956.15
The intermediate-term trend has been UP since Nov 21st, 2023 at 2500.15
The short-term trend has been UP since Nov 10th, 2023 at 2473.27
Smart Scan Analysis for B5510GI
Based on our trend formula, B5510GI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).