Index Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
OMXS30 Double Short Index (NASDAQ:OMXS30SHORTX2)
Countertrend Up (+85) - OMXS30SHORTX2 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 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.
MarketClub’s Trade Triangles for OMXS30SHORTX2
The long-term trend has been UP since Feb 28th, 2020 at 23.370
The intermediate-term trend has been UP since Feb 26th, 2020 at 21.016
The short-term trend has been UP since Apr 3rd, 2020 at 29.433
Smart Scan Analysis for OMXS30SHORTX2
Based on our trend formula, OMXS30SHORTX2 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||41.45||52wk High Date||2018-02-06|
|52wk Low||28.88||52wk Low Date||2018-10-03|