Index Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
NASDAQ OMX Nordic 120 SEK Net Index (NASDAQ:NOMXN120SEKNI)
Long-Term Uptrend (+90) - NOMXN120SEKNI is in a strong uptrend that is likely to continue. While NOMXN120SEKNI is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid NOMXN120SEKNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXN120SEKNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXN120SEKNI
The long-term trend has been UP since Nov 10th, 2022 at 1943.84
The intermediate-term trend has been UP since May 15th, 2023 at 2191.68
The short-term trend has been UP since Jun 5th, 2023 at 2185.72
Smart Scan Analysis for NOMXN120SEKNI
Based on our trend formula, NOMXN120SEKNI is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).