Index Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
OMX Iceland Telecommunications PI (NASDAQ:IX15PI)
Sidelines Mode (+55) - IX15PI 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 IX15PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX15PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX15PI
The long-term trend has been UP since Jul 17th, 2020 at 2045.16
The intermediate-term trend has been UP since Dec 6th, 2021 at 4302.80
The short-term trend has been DOWN since Jan 20th, 2022 at 4403.10
Smart Scan Analysis for IX15PI
Based on our trend formula, IX15PI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).