Index Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
OMX Iceland Industrials PI (NASDAQ:IX50PI)
Countertrend Down (-85) - IX50PI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid IX50PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX50PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX50PI
The long-term trend has been DOWN since Oct 21st, 2021 at 5446.22
The intermediate-term trend has been DOWN since Jan 17th, 2022 at 5365.87
The short-term trend has been UP since Jan 21st, 2022 at 5419.34
Smart Scan Analysis for IX50PI
Based on our trend formula, IX50PI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).