Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Nasdaq OMXS30 DUO Index (NASDAQ:OMXDUO)
Strong Uptrend (+100) - OMXDUO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, OMXDUO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid OMXDUO?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXDUO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXDUO
The long-term trend has been UP since Jul 1st, 2020 at 1120.38
The intermediate-term trend has been UP since Jun 22nd, 2020 at 1107.59
The short-term trend has been UP since Aug 3rd, 2020 at 1210.42
Smart Scan Analysis for OMXDUO
Based on our trend formula, OMXDUO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).