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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.

NASDAQ_OMXS40ER
Open High Low OMXS40ER Price Change
1380.69 1384.34 1373.39 1381.63 +0.37
Entry Signal

MarketClub’s Trade Triangles for OMXS40ER

long term down The long-term trend has been DOWN since Dec 20th, 2024 at 1368.32

intermediate term down The intermediate-term trend has been DOWN since Dec 19th, 2024 at 1387.95

short term down 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).

-90
Smart Scan Analysis for OMXS40ER
Strong Downtrend Sideways Strong Uptrend
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
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