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Index Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
OMX Baltic Basic Materials GI (NASDAQ:B55GI)
Long-Term Downtrend (-90) - B55GI is in a strong downtrend that is likely to continue. While B55GI 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 B55GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for B55GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for B55GI
The long-term trend has been DOWN since Oct 1st, 2021 at 1606.32
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 1385.44
The short-term trend has been DOWN since Aug 5th, 2022 at 1382.83
Smart Scan Analysis for B55GI
Based on our trend formula, B55GI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1351.14 | 1355.13 | 1351.14 | 1354.35 | -3.60 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1357.95 | 0 | 2022-08-12 09:04:00 |