Index Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
OMX Stockholm Household Goods and Home Construction PI (NASDAQ:SX402020PI)
Bear Market Rally (-75) - SX402020PI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SX402020PI as it may be in the beginning of a reversal.
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 DOWN since Jul 20th, 2021 at 2145.23
The intermediate-term trend has been DOWN since Jul 20th, 2021 at 2145.23
The short-term trend has been UP since Oct 13th, 2021 at 1820.26
Smart Scan Analysis for SX402020PI
Based on our trend formula, SX402020PI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).