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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
OMX Iceland Consumer Discretionary PI (NASDAQ:IX40PI)
Long-Term Downtrend (-90) - IX40PI is in a strong downtrend that is likely to continue. While IX40PI 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 IX40PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX40PI.
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MarketClub’s Trade Triangles for IX40PI
The long-term trend has been DOWN since May 7th, 2024 at 1280.59
The intermediate-term trend has been DOWN since Jul 10th, 2024 at 1276.07
The short-term trend has been DOWN since Jul 22nd, 2024 at 1290.98
Smart Scan Analysis for IX40PI
Based on our trend formula, IX40PI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1284.21 | 1286.96 | 1284.21 | 1286.32 | +2.11 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1284.21 | 0 | 2024-07-26 11:34:00 |