Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
OMX Stockholm 30 Bid (NASDAQ:OMXS30BID)
Weak Uptrend (+65) - OMXS30BID is showing signs of weakening momentum to the upside. Monitor OMXS30BID as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMXS30BID?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30BID.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30BID
The long-term trend has been UP since Jun 15th, 2020 at 1752.09
The intermediate-term trend has been UP since Jul 14th, 2020 at 1769.13
The short-term trend has been DOWN since Jul 23rd, 2020 at 1658.37
Smart Scan Analysis for OMXS30BID
Based on our trend formula, OMXS30BID is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).