Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

OMX Stockholm 40 Equal Weighted NTR Index (NASDAQ:OMXS40NR)

Bull Market Weakness (+75) - OMXS40NR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXS40NR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid OMXS40NR?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS40NR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	OMXS40NR Price	Change
2096.29	2125.78	2094.71	2124.16	+35.63
Entry Signal

MarketClub’s Trade Triangles for OMXS40NR

The long-term trend has been UP since Dec 1st, 2023 at 1847.05

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2068.40

The short-term trend has been UP since Apr 22nd, 2024 at 2086.01

Smart Scan Analysis for OMXS40NR

Based on our trend formula, OMXS40NR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2096.29	2125.78	2094.71	2124.16	+35.63
Prev. Close	Volume	Bid	Ask	Time
2088.53	0			2024-04-23 11:34:00

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