Index Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
OMX Stockholm Industrials PI (NASDAQ:SX50PI)
Weak Uptrend (+65) - SX50PI is showing signs of weakening momentum to the upside. Monitor SX50PI as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SX50PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX50PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX50PI
The long-term trend has been UP since Aug 1st, 2022 at 2838.01
The intermediate-term trend has been DOWN since Aug 24th, 2022 at 2682.80
The short-term trend has been UP since Sep 30th, 2022 at 2479.69
Smart Scan Analysis for SX50PI
Based on our trend formula, SX50PI is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).