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Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2024.
OMX Stockholm Benchmark ESG Responsible Index (NASDAQ:OMXSBESGPI)
Countertrend Up (+85) - OMXSBESGPI 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 OMXSBESGPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXSBESGPI.
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 OMXSBESGPI
The long-term trend has been UP since Nov 30th, 2023 at 860.15
The intermediate-term trend has been UP since Apr 29th, 2024 at 978.33
The short-term trend has been DOWN since May 17th, 2024 at 1007.79
Smart Scan Analysis for OMXSBESGPI
Based on our trend formula, OMXSBESGPI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1018.65 | 1019.85 | 1014.42 | 1019.75 | -0.26 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1020.01 | 0 | 2024-05-21 11:34:00 |