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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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

Long-Term Uptrend (+90) - OMXS40ER is in a strong uptrend that is likely to continue. While OMXS40ER is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1456.19 1463.52 1448.88 1450.73 -5.66
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 Feb 16th, 2024 at 1363.00

short term up The short-term trend has been UP since Mar 21st, 2024 at 1412.92

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).

+90
Smart Scan Analysis for OMXS40ER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1456.19 1463.52 1448.88 1450.73 -5.66
Prev. Close Volume Bid Ask Time
1456.39 0 2024-03-28 08:15:00
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