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Index Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.


Bear Market Rally (-75) - OMXRGI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMXRGI as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid OMXRGI?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMXRGI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low OMXRGI Price Change
1208.54 1238.59 1202.08 1233.46 +22.11
Entry Signal

MarketClub’s Trade Triangles for OMXRGI

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 1305.63

intermediate term down The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 1305.86

short term up The short-term trend has been UP since May 17th, 2024 at 1266.88

Smart Scan Analysis for OMXRGI

Based on our trend formula, OMXRGI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for OMXRGI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1208.54 1238.59 1202.08 1233.46 +22.11
Prev. Close Volume Bid Ask Time
1211.35 0 2024-05-22 06:27:00
52wk High1143.6552wk High Date2018-05-02
52wk Low914.2852wk Low Date2018-10-12
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