Index Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
Bear Market Rally (-75) - OMXCMCGI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMXCMCGI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMXCMCGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXCMCGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXCMCGI
The long-term trend has been DOWN since Dec 20th, 2021 at 255.69
The intermediate-term trend has been DOWN since May 6th, 2022 at 252.80
The short-term trend has been UP since May 17th, 2022 at 246.20
Smart Scan Analysis for OMXCMCGI
Based on our trend formula, OMXCMCGI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||152.79||52wk High Date||2018-05-22|
|52wk Low||116.81||52wk Low Date||2017-12-13|