Index Trend Analysis Report
Prepared for you on Saturday, August 15, 2020.
OMX Stockholm Benchmark Cap_NI (NASDAQ:OMXSBCAPNI)
Bull Market Weakness (+75) - OMXSBCAPNI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMXSBCAPNI as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for OMXSBCAPNI
The long-term trend has been UP since Jun 3rd, 2020 at 1367.97
The intermediate-term trend has been UP since Aug 11th, 2020 at 1447.58
The short-term trend has been DOWN since Aug 14th, 2020 at 1430.75
Smart Scan Analysis for OMXSBCAPNI
Based on our trend formula, OMXSBCAPNI is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).