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Index Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

OMXS30 Double Short Index (NASDAQ:OMXS30SHORTX2)

Long-Term Downtrend (-90) - OMXS30SHORTX2 is in a strong downtrend that is likely to continue. While OMXS30SHORTX2 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 OMXS30SHORTX2?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS30SHORTX2.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_OMXS30SHORTX2
Open High Low OMXS30SHORTX2 Price Change
18.304 18.795 18.304 18.644 +0.381
Entry Signal

MarketClub’s Trade Triangles for OMXS30SHORTX2

long term down The long-term trend has been DOWN since Sep 12th, 2019 at 25.620

intermediate term down The intermediate-term trend has been DOWN since Feb 5th, 2020 at 19.730

short term down The short-term trend has been DOWN since Jan 31st, 2020 at 20.294

Smart Scan Analysis for OMXS30SHORTX2

Based on our trend formula, OMXS30SHORTX2 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for OMXS30SHORTX2
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.304 18.795 18.304 18.644 +0.381
Prev. Close Volume Bid Ask Time
20.867 0 2020-02-21 11:34:00
52wk High41.4552wk High Date2018-02-06
52wk Low28.8852wk Low Date2018-10-03
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