Index Trend Analysis Report
Prepared for you on Monday, June 27, 2022.
OMX Iceland Financials GI (NASDAQ:IX30GI)
Countertrend Down (-85) - IX30GI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid IX30GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX30GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX30GI
The long-term trend has been DOWN since Jun 16th, 2022 at 3294.96
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 3665.67
The short-term trend has been UP since Jun 24th, 2022 at 3300.64
Smart Scan Analysis for IX30GI
Based on our trend formula, IX30GI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).