Index Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
OMX Iceland Energy GI (NASDAQ:IX60GI)
Countertrend Up (+85) - IX60GI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid IX60GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX60GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX60GI
The long-term trend has been UP since Nov 10th, 2020 at 1057.94
The intermediate-term trend has been UP since Apr 7th, 2021 at 1425.78
The short-term trend has been DOWN since Apr 19th, 2021 at 1444.07
Smart Scan Analysis for IX60GI
Based on our trend formula, IX60GI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).