Index Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
OMX Stockholm Alternative Energy PI (NASDAQ:SX601020PI)
Strong Downtrend (-100) - SX601020PI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SX601020PI continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SX601020PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SX601020PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SX601020PI
The long-term trend has been DOWN since Feb 22nd, 2023 at 3450.66
The intermediate-term trend has been DOWN since May 3rd, 2023 at 3452.98
The short-term trend has been DOWN since May 30th, 2023 at 3128.98
Smart Scan Analysis for SX601020PI
Based on our trend formula, SX601020PI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).