Index Trend Analysis Report

Prepared for you on Sunday, May 5, 2024.

OMX Stockholm 40 Equal Weighted Index (NASDAQ:OMXS40)

Countertrend Up (+85) - OMXS40 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 OMXS40?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS40.

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

Open	High	Low	OMXS40 Price	Change
1852.34	1865.73	1842.19	1855.37	+12.16
Entry Signal

MarketClub’s Trade Triangles for OMXS40

The long-term trend has been UP since Dec 1st, 2023 at 1638.86

The intermediate-term trend has been UP since Apr 24th, 2024 at 1873.68

The short-term trend has been DOWN since May 2nd, 2024 at 1843.96

Smart Scan Analysis for OMXS40

Based on our trend formula, OMXS40 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
1852.34	1865.73	1842.19	1855.37	+12.16
Prev. Close	Volume	Bid	Ask	Time
1855.37	0			2024-05-03 11:34:00

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