Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
OMX Copenhagen Ex OMXC20 Index GI (NASDAQ:OMXCXC20GI)
Sidelines Mode (-55) - OMXCXC20GI 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 OMXCXC20GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXCXC20GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXCXC20GI
The long-term trend has been DOWN since Sep 20th, 2021 at 13623.57
The intermediate-term trend has been DOWN since May 6th, 2022 at 13019.55
The short-term trend has been UP since May 17th, 2022 at 12759.43
Smart Scan Analysis for OMXCXC20GI
Based on our trend formula, OMXCXC20GI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).