Index Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
OMX Stockholm 30 Bid (NASDAQ:OMXS30BID)
Bull Market Weakness (+75) - OMXS30BID is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 DOWN since Nov 30th, 2021 at 1942.04
The intermediate-term trend has been UP since Jul 12th, 2022 at 2000.95
The short-term trend has been UP since Aug 11th, 2022 at 2059.59
Smart Scan Analysis for OMXS30BID
Based on our trend formula, OMXS30BID is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).