Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
OMX Iceland All-Share PI (NASDAQ:OMXIPI)
Bear Market Rally (-75) - OMXIPI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMXIPI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMXIPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXIPI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXIPI
The long-term trend has been DOWN since Feb 28th, 2020 at 1408.09
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 1487.30
The short-term trend has been DOWN since Apr 2nd, 2020 at 1267.88
Smart Scan Analysis for OMXIPI
Based on our trend formula, OMXIPI is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1399.41||52wk High Date||2018-04-25|
|52wk Low||1154.13||52wk Low Date||2017-12-13|