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Index Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for OMXS40ER
The long-term trend has been UP since Dec 1st, 2023 at 1296.96
The intermediate-term trend has been UP since Jul 11th, 2024 at 1471.57
The short-term trend has been DOWN since Jul 17th, 2024 at 1467.16
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1477.33 | 1486.93 | 1472.35 | 1483.73 | +6.20 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1477.53 | 0 | 2024-07-26 12:30:00 |