Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
OMX Stockholm General Industrials GI (NASDAQ:SX502030GI)
Countertrend Up (+85) - SX502030GI 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 SX502030GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX502030GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX502030GI
The long-term trend has been UP since Nov 16th, 2023 at 9800.52
The intermediate-term trend has been UP since Nov 2nd, 2023 at 9172.85
The short-term trend has been UP since Oct 27th, 2023 at 8775.67
Smart Scan Analysis for SX502030GI
Based on our trend formula, SX502030GI is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).