Index Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
Nasdaq OMXS30 DUO Index (NASDAQ:OMXDUO)
Countertrend Up (+85) - OMXDUO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jan 4th, 2021 at 1261.69
The short-term trend has been DOWN since Apr 20th, 2021 at 1398.47
Smart Scan Analysis for OMXDUO
Based on our trend formula, OMXDUO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).