Index Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
NASDAQ OMX Nordic Energy SEK (NASDAQ:NOMXNENSEK)
Strong Downtrend (-100) - NOMXNENSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOMXNENSEK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOMXNENSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNENSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNENSEK
The long-term trend has been DOWN since Feb 22nd, 2023 at 1359.53
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 1286.09
The short-term trend has been DOWN since Sep 20th, 2023 at 1338.95
Smart Scan Analysis for NOMXNENSEK
Based on our trend formula, NOMXNENSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).