Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
OMX Stockholm 30 Bid (NASDAQ:OMXS30BID)
Countertrend Up (+85) - OMXS30BID is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jan 7th, 2021 at 1917.97
The short-term trend has been DOWN since Mar 5th, 2021 at 1972.17
Smart Scan Analysis for OMXS30BID
Based on our trend formula, OMXS30BID is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).