Index Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
OMX Stockholm 30 ESG Responsible Index (NASDAQ:OMXS30ESG)
Long-Term Downtrend (-90) - OMXS30ESG is in a strong downtrend that is likely to continue. While OMXS30ESG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMXS30ESG?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30ESG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30ESG
The long-term trend has been DOWN since Feb 18th, 2022 at 2156.81
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1916.83
The short-term trend has been DOWN since Jun 30th, 2022 at 1826.43
Smart Scan Analysis for OMXS30ESG
Based on our trend formula, OMXS30ESG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).