Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
OMX Stockholm Basic Materials GI (NASDAQ:SX55GI)
Bear Market Rally (-75) - SX55GI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SX55GI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SX55GI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX55GI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX55GI
The long-term trend has been DOWN since Sep 20th, 2021 at 3083.30
The intermediate-term trend has been UP since Oct 13th, 2021 at 3178.12
The short-term trend has been DOWN since Nov 26th, 2021 at 3353.05
Smart Scan Analysis for SX55GI
Based on our trend formula, SX55GI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).