Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
OMX Stockholm Consumer Discretionary PI (NASDAQ:SX40PI)
Crossroads (+60) - SX40PI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SX40PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX40PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX40PI
The long-term trend has been DOWN since Aug 18th, 2023 at 1134.73
The intermediate-term trend has been UP since Nov 14th, 2023 at 1040.57
The short-term trend has been UP since Dec 4th, 2023 at 1081.49
Smart Scan Analysis for SX40PI
Based on our trend formula, SX40PI is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).