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Index Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

OMX Stockholm Benchmark Cap_NI (NASDAQ:OMXSBCAPNI)

Crossroads (-60) - OMXSBCAPNI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2078.04 2079.29 2055.15 2071.89 +5.55
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 down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2054.65

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 2072.51

Smart Scan Analysis for OMXSBCAPNI

Based on our trend formula, OMXSBCAPNI is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for OMXSBCAPNI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2078.04 2079.29 2055.15 2071.89 +5.55
Prev. Close Volume Bid Ask Time
2071.89 0 2024-04-18 11:33:00
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