Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
OMX Helsinki Basic Resources PI (NASDAQ:HX5510PI)
Sidelines Mode (-55) - HX5510PI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HX5510PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for HX5510PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HX5510PI
The long-term trend has been UP since Oct 10th, 2023 at 1478.91
The intermediate-term trend has been DOWN since Nov 27th, 2023 at 1420.33
The short-term trend has been UP since Nov 29th, 2023 at 1439.54
Smart Scan Analysis for HX5510PI
Based on our trend formula, HX5510PI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).