Index Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
OMX Stockholm 40 Equal Weighted Excess Return Inde (NASDAQ:OMXS40ER)
Crossroads (-60) - OMXS40ER is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for OMXS40ER
The long-term trend has been UP since Nov 10th, 2022 at 1323.99
The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 1379.36
The short-term trend has been DOWN since Mar 9th, 2023 at 1392.53
Smart Scan Analysis for OMXS40ER
Based on our trend formula, OMXS40ER is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).