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Index Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
OMX Stockholm 40 Equal Weighted TR Index (NASDAQ:OMXS40TR)
Strong Uptrend (+100) - OMXS40TR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, OMXS40TR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for OMXS40TR
The long-term trend has been UP since Dec 1st, 2023 at 1992.87
The intermediate-term trend has been UP since Apr 24th, 2024 at 2306.37
The short-term trend has been UP since May 7th, 2024 at 2316.93
Smart Scan Analysis for OMXS40TR
Based on our trend formula, OMXS40TR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2367.68 | 2384.31 | 2363.08 | 2381.04 | +36.06 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2344.98 | 0 | 2024-05-10 07:11:00 |