Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
NASDAQ OMX Nordic Energy SEK Gross Index (NASDAQ:NOMXNENSEKGI)
Sidelines Mode (-55) - NOMXNENSEKGI 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 NOMXNENSEKGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNENSEKGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNENSEKGI
The long-term trend has been UP since Jul 7th, 2021 at 2213.64
The intermediate-term trend has been DOWN since Nov 3rd, 2021 at 2135.52
The short-term trend has been UP since Nov 25th, 2021 at 2140.57
Smart Scan Analysis for NOMXNENSEKGI
Based on our trend formula, NOMXNENSEKGI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).