Index Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
OMX Iceland 10 (NASDAQ:OMXI10)
Bull Market Weakness (+75) - OMXI10 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXI10 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMXI10?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXI10.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXI10
The long-term trend has been UP since Jun 23rd, 2020 at 2090.72
The intermediate-term trend has been UP since Mar 29th, 2021 at 2886.95
The short-term trend has been UP since May 7th, 2021 at 3012.73
Smart Scan Analysis for OMXI10
Based on our trend formula, OMXI10 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).