Index Trend Analysis Report
Prepared for you on Sunday, May 22, 2022.
OMX Iceland 10 GI (NASDAQ:OMXI10GI)
Strong Downtrend (-100) - OMXI10GI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMXI10GI continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMXI10GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXI10GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXI10GI
The long-term trend has been DOWN since Jan 24th, 2022 at 3792.72
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 3753.80
The short-term trend has been DOWN since Apr 29th, 2022 at 3696.11
Smart Scan Analysis for OMXI10GI
Based on our trend formula, OMXI10GI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).