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Index Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

OMX Stockholm Benchmark Cap_NI (NASDAQ:OMXSBCAPNI)

Countertrend Up (+85) - OMXSBCAPNI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

NASDAQ_OMXSBCAPNI
Open High Low OMXSBCAPNI Price Change
2182.93 2206.59 2182.52 2205.88 +31.01
Entry Signal

MarketClub’s Trade Triangles for OMXSBCAPNI

long term up The long-term trend has been UP since Dec 1st, 2023 at 1828.42

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 2165.77

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 2175.94

Smart Scan Analysis for OMXSBCAPNI

Based on our trend formula, OMXSBCAPNI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for OMXSBCAPNI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2182.93 2206.59 2182.52 2205.88 +31.01
Prev. Close Volume Bid Ask Time
2174.87 0 2024-07-22 08:50:00
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