Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
OMXS30 Short Index (NASDAQ:OMXS30SHORTX1)
Countertrend Up (+85) - OMXS30SHORTX1 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 OMXS30SHORTX1?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30SHORTX1.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS30SHORTX1
The long-term trend has been UP since Feb 28th, 2020 at 188.72
The intermediate-term trend has been UP since Feb 25th, 2020 at 179.08
The short-term trend has been UP since Apr 3rd, 2020 at 215.79
Smart Scan Analysis for OMXS30SHORTX1
Based on our trend formula, OMXS30SHORTX1 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).