Index Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
OMX Stockholm 40 Equal Weighted TR Index (NASDAQ:OMXS40TR)
Bull Market Weakness (+75) - OMXS40TR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXS40TR as it may be in the beginning stages of a reversal.
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 DOWN since Aug 3rd, 2020 at 1363.62
The short-term trend has been UP since Aug 4th, 2020 at 1403.33
Smart Scan Analysis for OMXS40TR
Based on our trend formula, OMXS40TR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).