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Index Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

OMX Stockholm 40 Equal Weighted Excess Return Inde (NASDAQ:OMXS40ER)

Bull Market Weakness (+75) - OMXS40ER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXS40ER as it may be in the beginning stages of a reversal.

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.

NASDAQ_OMXS40ER
Open High Low OMXS40ER Price Change
1508.36 1508.61 1502.45 1504.33 -4.24
Entry Signal

MarketClub’s Trade Triangles for OMXS40ER

long term up The long-term trend has been UP since Dec 1st, 2023 at 1296.96

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 1467.08

short term down The short-term trend has been DOWN since May 17th, 2024 at 1502.25

Smart Scan Analysis for OMXS40ER

Based on our trend formula, OMXS40ER is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for OMXS40ER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1508.36 1508.61 1502.45 1504.33 -4.24
Prev. Close Volume Bid Ask Time
1508.57 0 2024-05-22 07:33:00
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