Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
OMX Stockholm General Industrials PI (NASDAQ:SX502030PI)
Sidelines Mode (+55) - SX502030PI 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 SX502030PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX502030PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX502030PI
The long-term trend has been UP since Sep 2nd, 2020 at 5763.76
The intermediate-term trend has been UP since Dec 4th, 2020 at 5922.77
The short-term trend has been DOWN since Jan 19th, 2021 at 6697.93
Smart Scan Analysis for SX502030PI
Based on our trend formula, SX502030PI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).