Index Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
OMX Stockholm 30 ESG Responsible Net Index (NASDAQ:OMXS30ESGNI)
Sidelines Mode (-55) - OMXS30ESGNI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OMXS30ESGNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30ESGNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30ESGNI
The long-term trend has been DOWN since Oct 1st, 2021 at 2288.03
The intermediate-term trend has been DOWN since Nov 30th, 2021 at 2340.04
The short-term trend has been UP since Dec 1st, 2021 at 2384.83
Smart Scan Analysis for OMXS30ESGNI
Based on our trend formula, OMXS30ESGNI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).