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Index Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

OMX Iceland Consumer Discretionary PI (NASDAQ:IX40PI)

Bear Market Rally (-75) - IX40PI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IX40PI as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid IX40PI?

MarketClub looks at technical strength and momentum to determine if the timing is right for IX40PI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_IX40PI
Open High Low IX40PI Price Change
1303.22 1303.22 1287.57 1287.57 -15.65
Entry Signal

MarketClub’s Trade Triangles for IX40PI

long term down The long-term trend has been DOWN since May 7th, 2024 at 1280.59

intermediate term up The intermediate-term trend has been UP since May 23rd, 2024 at 1316.30

short term down The short-term trend has been DOWN since May 29th, 2024 at 1301.24

Smart Scan Analysis for IX40PI

Based on our trend formula, IX40PI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IX40PI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1303.22 1303.22 1287.57 1287.57 -15.65
Prev. Close Volume Bid Ask Time
1303.22 0 2024-05-29 10:05:00
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