Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
OMX Iceland Oil & Gas PI (NASDAQ:IX0001PI)
Crossroads (+60) - IX0001PI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IX0001PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX0001PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX0001PI
The long-term trend has been DOWN since Mar 6th, 2020 at 1018.87
The intermediate-term trend has been UP since May 13th, 2020 at 859.82
The short-term trend has been UP since May 26th, 2020 at 921.15
Smart Scan Analysis for IX0001PI
Based on our trend formula, IX0001PI is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).