Index Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
OMX Iceland Telecommunications PI (NASDAQ:IX15PI)
Long-Term Downtrend (-90) - IX15PI is in a strong downtrend that is likely to continue. While IX15PI 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 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 DOWN since Nov 3rd, 2022 at 3712.15
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 2731.52
The short-term trend has been DOWN since Jan 23rd, 2023 at 2712.87
Smart Scan Analysis for IX15PI
Based on our trend formula, IX15PI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).