Index Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
NASDAQ OMX Nordic Industrials SEK (NASDAQ:NOMXNINSEK)
Long-Term Uptrend (+90) - NOMXNINSEK is in a strong uptrend that is likely to continue. While NOMXNINSEK 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 NOMXNINSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNINSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNINSEK
The long-term trend has been UP since Nov 1st, 2022 at 1470.18
The intermediate-term trend has been UP since Mar 31st, 2023 at 1702.39
The short-term trend has been UP since Jun 2nd, 2023 at 1804.37
Smart Scan Analysis for NOMXNINSEK
Based on our trend formula, NOMXNINSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).