Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
OMX Iceland Energy GI (NASDAQ:IX60GI)
Weak Downtrend (-65) - IX60GI is showing signs of a strengthening downtrend. Monitor IX60GI as it may be building momentum to the downside.
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 DOWN since May 9th, 2022 at 2548.10
The short-term trend has been DOWN since May 19th, 2022 at 2454.86
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).