Index Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
OMX Iceland Financials PI (NASDAQ:IX30PI)
Long-Term Downtrend (-90) - IX30PI is in a strong downtrend that is likely to continue. While IX30PI 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 IX30PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX30PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX30PI
The long-term trend has been DOWN since Sep 28th, 2022 at 2172.96
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 2241.63
The short-term trend has been DOWN since Feb 27th, 2023 at 2291.34
Smart Scan Analysis for IX30PI
Based on our trend formula, IX30PI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).