Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
OMX Iceland 10 EUR (NASDAQ:OMXI10EUR)
Bull Market Weakness (+75) - OMXI10EUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXI10EUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMXI10EUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXI10EUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXI10EUR
The long-term trend has been UP since Oct 21st, 2020 at 2373.83
The intermediate-term trend has been UP since Oct 12th, 2020 at 2306.21
The short-term trend has been DOWN since Oct 26th, 2020 at 2346.91
Smart Scan Analysis for OMXI10EUR
Based on our trend formula, OMXI10EUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).