Index Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
NASDAQ OMX Nordic Tele & InfoTech SEK Net Index (NASDAQ:NOMXNTISEKNI)
Countertrend Down (-85) - NOMXNTISEKNI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid NOMXNTISEKNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNTISEKNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNTISEKNI
The long-term trend has been DOWN since Apr 21st, 2023 at 779.21
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 690.55
The short-term trend has been UP since Oct 2nd, 2023 at 687.05
Smart Scan Analysis for NOMXNTISEKNI
Based on our trend formula, NOMXNTISEKNI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).