Index Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
OMX Stockholm Banks PI (NASDAQ:SX3010PI)
Countertrend Down (-85) - SX3010PI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SX3010PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX3010PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX3010PI
The long-term trend has been DOWN since Dec 20th, 2021 at 1646.96
The intermediate-term trend has been DOWN since May 2nd, 2022 at 1495.53
The short-term trend has been UP since May 13th, 2022 at 1510.80
Smart Scan Analysis for SX3010PI
Based on our trend formula, SX3010PI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).