Index Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
OMX Stockholm 40 Equal Weighted NTR Index (NASDAQ:OMXS40NR)
Countertrend Down (-85) - OMXS40NR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for OMXS40NR
The long-term trend has been DOWN since Oct 1st, 2021 at 1789.76
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 1848.75
The short-term trend has been UP since Dec 1st, 2021 at 1858.23
Smart Scan Analysis for OMXS40NR
Based on our trend formula, OMXS40NR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).