Index Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
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 Jun 3rd, 2020 at 1457.25
The intermediate-term trend has been UP since Aug 11th, 2021 at 3107.87
The short-term trend has been DOWN since Sep 20th, 2021 at 3319.08
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).