Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
OMX Iceland 10 EUR GI (NASDAQ:OMXI10EURGI)
Strong Downtrend (-100) - OMXI10EURGI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMXI10EURGI continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMXI10EURGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXI10EURGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXI10EURGI
The long-term trend has been DOWN since Feb 24th, 2022 at 4418.92
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 4588.76
The short-term trend has been DOWN since May 19th, 2022 at 4138.28
Smart Scan Analysis for OMXI10EURGI
Based on our trend formula, OMXI10EURGI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).