Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
OMX Iceland Energy GI (NASDAQ:IX60GI)
Bull Market Weakness (+75) - IX60GI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IX60GI as it may be in the beginning stages of a reversal.
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 DOWN since Oct 3rd, 2022 at 2359.74
The intermediate-term trend has been UP since Nov 20th, 2023 at 1805.95
The short-term trend has been UP since Dec 4th, 2023 at 1772.43
Smart Scan Analysis for IX60GI
Based on our trend formula, IX60GI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).