Index Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Bear Market Rally (-75) - OMXSLCPI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMXSLCPI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMXSLCPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMXSLCPI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMXSLCPI
The long-term trend has been DOWN since Jan 24th, 2022 at 255.84
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 225.00
The short-term trend has been UP since Jul 5th, 2022 at 211.02
Smart Scan Analysis for OMXSLCPI
Based on our trend formula, OMXSLCPI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).