Index Trend Analysis Report
Prepared for you on Thursday, December 1, 2022.
OMX Baltic Basic Resources PI (NASDAQ:B5510PI)
Bear Market Rally (-75) - B5510PI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on B5510PI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid B5510PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B5510PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for B5510PI
The long-term trend has been DOWN since Oct 5th, 2021 at 1808.25
The intermediate-term trend has been UP since Oct 6th, 2022 at 1316.00
The short-term trend has been DOWN since Nov 24th, 2022 at 1443.39
Smart Scan Analysis for B5510PI
Based on our trend formula, B5510PI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).