Index Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
NASDAQ OMX Nordic Energy (NASDAQ:NOMXNEN)
Long-Term Downtrend (-90) - NOMXNEN is in a strong downtrend that is likely to continue. While NOMXNEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOMXNEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNEN
The long-term trend has been DOWN since Feb 3rd, 2023 at 1268.11
The intermediate-term trend has been DOWN since Sep 26th, 2023 at 1123.12
The short-term trend has been DOWN since Sep 20th, 2023 at 1170.95
Smart Scan Analysis for NOMXNEN
Based on our trend formula, NOMXNEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1061.1||52wk High Date||2018-10-02|
|52wk Low||764.25||52wk Low Date||2017-12-06|