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.
MarketClub’s Trade Triangles for OMXS30SHORTX2
The long-term trend has been DOWN since Sep 12th, 2019 at 25.620
The intermediate-term trend has been DOWN since Feb 5th, 2020 at 19.730
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).
|52wk High||41.45||52wk High Date||2018-02-06|
|52wk Low||28.88||52wk Low Date||2018-10-03|