Index Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
OMX Stockholm Telecommunications PI (NASDAQ:SX15PI)
Long-Term Downtrend (-90) - SX15PI is in a strong downtrend that is likely to continue. While SX15PI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SX15PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX15PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX15PI
The long-term trend has been DOWN since Jul 27th, 2021 at 948.04
The intermediate-term trend has been DOWN since Nov 30th, 2021 at 917.07
The short-term trend has been DOWN since Nov 30th, 2021 at 917.58
Smart Scan Analysis for SX15PI
Based on our trend formula, SX15PI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).