Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Long-Term Uptrend (+90) - OMXNORDICSEKPI is in a strong uptrend that is likely to continue. While OMXNORDICSEKPI is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid OMXNORDICSEKPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXNORDICSEKPI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXNORDICSEKPI
The long-term trend has been UP since Jun 5th, 2020 at 405.56
The intermediate-term trend has been UP since Jul 3rd, 2020 at 406.12
The short-term trend has been UP since Aug 3rd, 2020 at 417.69
Smart Scan Analysis for OMXNORDICSEKPI
Based on our trend formula, OMXNORDICSEKPI is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).