Index Trend Analysis Report
Prepared for you on Sunday, June 13, 2021.
OMX Stockholm 40 Equal Weighted TR Index (NASDAQ:OMXS40TR)
Long-Term Uptrend (+90) - OMXS40TR is in a strong uptrend that is likely to continue. While OMXS40TR 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 OMXS40TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXS40TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXS40TR
The long-term trend has been UP since Jun 3rd, 2020 at 1356.66
The intermediate-term trend has been UP since May 18th, 2021 at 1863.89
The short-term trend has been UP since May 24th, 2021 at 1862.06
Smart Scan Analysis for OMXS40TR
Based on our trend formula, OMXS40TR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).