Index Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
NASDAQ OMX Nordic Bank & Insurance SEK Net Index (NASDAQ:NOMXNBISEKNI)
Sidelines Mode (-55) - NOMXNBISEKNI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOMXNBISEKNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNBISEKNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNBISEKNI
The long-term trend has been UP since Nov 10th, 2020 at 1179.73
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 1559.06
The short-term trend has been UP since Sep 17th, 2021 at 1581.19
Smart Scan Analysis for NOMXNBISEKNI
Based on our trend formula, NOMXNBISEKNI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).