Index Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
Nasdaq OMXS30 DUO TR Index (NASDAQ:OMXDUOT)
Long-Term Uptrend (+90) - OMXDUOT is in a strong uptrend that is likely to continue. While OMXDUOT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid OMXDUOT?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXDUOT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXDUOT
The long-term trend has been UP since Jul 1st, 2020 at 1164.52
The intermediate-term trend has been UP since Jul 6th, 2021 at 1517.91
The short-term trend has been UP since Jul 22nd, 2021 at 1542.91
Smart Scan Analysis for OMXDUOT
Based on our trend formula, OMXDUOT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).