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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.

NASDAQ_OMXS30SHORTX2
Open High Low OMXS30SHORTX2 Price Change
28.622 29.619 28.451 29.479 +0.806
Entry Signal

MarketClub’s Trade Triangles for OMXS30SHORTX2

long term up The long-term trend has been UP since Feb 28th, 2020 at 23.370

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2020 at 21.016

short term up 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).

+80
Smart Scan Analysis for OMXS30SHORTX2
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.622 29.619 28.451 29.479 +0.806
Prev. Close Volume Bid Ask Time
27.706 0 2020-04-03 11:34:00
52wk High41.4552wk High Date2018-02-06
52wk Low28.8852wk Low Date2018-10-03
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