Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
OMX Nordic 40 (NASDAQ:OMXN40)
Bull Market Weakness (+75) - OMXN40 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXN40 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMXN40?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXN40.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXN40
The long-term trend has been UP since Jun 2nd, 2020 at 1700.41
The intermediate-term trend has been UP since Jul 2nd, 2020 at 1729.16
The short-term trend has been UP since Aug 4th, 2020 at 1799.86
Smart Scan Analysis for OMXN40
Based on our trend formula, OMXN40 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1643.71||52wk High Date||2018-01-23|
|52wk Low||1403.02||52wk Low Date||2018-10-25|