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.
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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 Feb 16th, 2024 at 1363.00
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).
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 |