Index Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
OMX Iceland All-Share PI (NASDAQ:OMXIPI)
Sidelines Mode (+55) - OMXIPI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 23rd, 2020 at 1499.80
The intermediate-term trend has been UP since Jun 23rd, 2020 at 1499.00
The short-term trend has been DOWN since Jul 8th, 2020 at 1477.69
Smart Scan Analysis for OMXIPI
Based on our trend formula, OMXIPI is rated as a +55 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|