Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
OMX Iceland Consumer Discretionary GI (NASDAQ:IX40GI)
Weak Downtrend (-65) - IX40GI is showing signs of a strengthening downtrend. Monitor IX40GI as it may be building momentum to the downside.
Is it time to buy, sell, or avoid IX40GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX40GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX40GI
The long-term trend has been UP since Nov 9th, 2020 at 1039.98
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 1414.47
The short-term trend has been DOWN since Nov 23rd, 2021 at 1439.12
Smart Scan Analysis for IX40GI
Based on our trend formula, IX40GI is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).