Index Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
OMX Stockholm Retail PI (NASDAQ:SX4040PI)
Sidelines Mode (+55) - SX4040PI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SX4040PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX4040PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX4040PI
The long-term trend has been UP since Jan 3rd, 2022 at 1309.29
The intermediate-term trend has been DOWN since Jan 17th, 2022 at 1263.05
The short-term trend has been UP since Jan 26th, 2022 at 1246.75
Smart Scan Analysis for SX4040PI
Based on our trend formula, SX4040PI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).