Index Trend Analysis Report
Prepared for you on Tuesday, July 27, 2021.
OMX STOCKHOLM 30 INDEX (NASDAQ:OMXS30)
Long-Term Uptrend (+90) - OMXS30 is in a strong uptrend that is likely to continue. While OMXS30 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 OMXS30?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30
The long-term trend has been UP since Jul 6th, 2020 at 1730.68
The intermediate-term trend has been UP since Jul 6th, 2021 at 2300.38
The short-term trend has been UP since Jul 22nd, 2021 at 2338.73
Smart Scan Analysis for OMXS30
Based on our trend formula, OMXS30 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1679.51||52wk High Date||2018-08-29|
|52wk Low||1447.97||52wk Low Date||2018-11-20|