Index Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
NASDAQ OMX Nordic Transportation SEK Gross Index (NASDAQ:NOMXNTPSEKGI)
Countertrend Up (+85) - NOMXNTPSEKGI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NOMXNTPSEKGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOMXNTPSEKGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOMXNTPSEKGI
The long-term trend has been UP since Dec 1st, 2022 at 2773.06
The intermediate-term trend has been UP since Mar 29th, 2023 at 3207.22
The short-term trend has been DOWN since Jun 6th, 2023 at 3333.47
Smart Scan Analysis for NOMXNTPSEKGI
Based on our trend formula, NOMXNTPSEKGI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).