Index Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Countertrend Down (-85) - OMXHLCPI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid OMXHLCPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXHLCPI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXHLCPI
The long-term trend has been DOWN since Mar 13th, 2023 at 116.76
The intermediate-term trend has been DOWN since Apr 25th, 2023 at 115.65
The short-term trend has been UP since Jun 2nd, 2023 at 110.44
Smart Scan Analysis for OMXHLCPI
Based on our trend formula, OMXHLCPI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).