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Index Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
OMX Stockholm 40 Equal Weighted Excess Return Inde (NASDAQ:OMXS40ER)
Long-Term Downtrend (-90) - OMXS40ER is in a strong downtrend that is likely to continue. While OMXS40ER 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 OMXS40ER?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS40ER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OMXS40ER
The long-term trend has been DOWN since Dec 20th, 2024 at 1368.32
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 1387.95
The short-term trend has been DOWN since Dec 12th, 2024 at 1440.47
Smart Scan Analysis for OMXS40ER
Based on our trend formula, OMXS40ER is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for OMXS40ER](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
1380.69 | 1384.34 | 1373.39 | 1381.63 | +0.37 |
Prev. Close | Volume | Bid | Ask | Time |
1381.63 | 0 | 2024-12-23 12:29:00 |