Index Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
NASDAQ OMX Nordic Transportation SEK Gross Index (NASDAQ:NOMXNTPSEKGI)
Crossroads (-60) - NOMXNTPSEKGI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 27th, 2021 at 3423.60
The intermediate-term trend has been DOWN since Jan 17th, 2022 at 3253.48
The short-term trend has been DOWN since Jan 6th, 2022 at 3458.61
Smart Scan Analysis for NOMXNTPSEKGI
Based on our trend formula, NOMXNTPSEKGI is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).