Index Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
OMX Stockholm 30 GI 3.5% Excess Return Index (NASDAQ:OMXS30ER)
Bull Market Weakness (+75) - OMXS30ER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXS30ER as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMXS30ER?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30ER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30ER
The long-term trend has been DOWN since Oct 1st, 2021 at 1125.98
The intermediate-term trend has been UP since Oct 22nd, 2021 at 1167.29
The short-term trend has been UP since Oct 13th, 2021 at 1132.57
Smart Scan Analysis for OMXS30ER
Based on our trend formula, OMXS30ER is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).