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Index Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
OMX Iceland Industrials GI (NASDAQ:IX50GI)
Bear Market Rally (-75) - IX50GI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IX50GI as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for IX50GI
The long-term trend has been DOWN since Oct 21st, 2021 at 6107.45
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 6667.44
The short-term trend has been UP since Dec 6th, 2021 at 6077.30
Smart Scan Analysis for IX50GI
Based on our trend formula, IX50GI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6067.40 | 6158.79 | 6067.40 | 6136.09 | +68.69 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6067.40 | 0 | 2021-12-07 11:34:00 |