Index Trend Analysis Report
Prepared for you on Wednesday, January 27, 2021.
OMX Stockholm Household Goods and Home Construction PI (NASDAQ:SX402020PI)
Countertrend Up (+85) - SX402020PI 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 SX402020PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX402020PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX402020PI
The long-term trend has been UP since Sep 17th, 2020 at 1746.99
The intermediate-term trend has been UP since Jan 15th, 2021 at 1898.41
The short-term trend has been UP since Jan 15th, 2021 at 1894.53
Smart Scan Analysis for SX402020PI
Based on our trend formula, SX402020PI is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).