Index Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Nasdaq OMXS30 DUO Index (NASDAQ:OMXDUO)
Weak Downtrend (-65) - OMXDUO is showing signs of a strengthening downtrend. Monitor OMXDUO as it may be building momentum to the downside.
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 DOWN since Sep 20th, 2021 at 1394.72
The intermediate-term trend has been DOWN since Aug 19th, 2021 at 1457.21
The short-term trend has been UP since Oct 8th, 2021 at 1388.40
Smart Scan Analysis for OMXDUO
Based on our trend formula, OMXDUO is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).