Index Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
OMX Iceland Industrials GI (NASDAQ:IX50GI)
Sidelines Mode (-55) - IX50GI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IX50GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX50GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX50GI
The long-term trend has been UP since Jan 11th, 2023 at 4509.45
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 4380.94
The short-term trend has been UP since Mar 17th, 2023 at 4415.83
Smart Scan Analysis for IX50GI
Based on our trend formula, IX50GI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).