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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
OMX Stockholm Benchmark_NI (NASDAQ:OMXSBNI)
Countertrend Up (+85) - OMXSBNI 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 OMXSBNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXSBNI.
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MarketClub’s Trade Triangles for OMXSBNI
The long-term trend has been UP since Dec 1st, 2023 at 1828.72
The intermediate-term trend has been UP since Jul 11th, 2024 at 2166.41
The short-term trend has been DOWN since Jul 17th, 2024 at 2177.17
Smart Scan Analysis for OMXSBNI
Based on our trend formula, OMXSBNI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2158.50 | 2181.62 | 2158.48 | 2178.20 | +14.40 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2163.80 | 0 | 2024-07-26 11:34:00 |