Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Sidelines Mode (+55) - OMXBGI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OMXBGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXBGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXBGI
The long-term trend has been UP since Mar 1st, 2019 at 762.12
The intermediate-term trend has been UP since Oct 3rd, 2019 at 783.32
The short-term trend has been DOWN since Feb 21st, 2020 at 850.00
Smart Scan Analysis for OMXBGI
Based on our trend formula, OMXBGI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||816.02||52wk High Date||2018-01-30|
|52wk Low||662.52||52wk Low Date||2017-12-13|