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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Overlay Shares Municipal Bond ETF (PACF:OVM)
Bull Market Weakness (+75) - OVM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OVM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OVM?
MarketClub looks at technical strength and momentum to determine if the timing is right for OVM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OVM
The long-term trend has been DOWN since Apr 16th, 2024 at 21.7600
The intermediate-term trend has been UP since May 6th, 2024 at 21.7899
The short-term trend has been UP since Apr 26th, 2024 at 21.7371
Smart Scan Analysis for OVM
Based on our trend formula, OVM is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.9500 | 22.0800 | 21.9500 | 22.0400 | +0.0249 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.1000 | 25866 | 2024-05-08 15:07:51 |
| 52wk High | 24 | 52wk High Date | 2023-12-04 |
| 52wk Low | 19.6 | 52wk Low Date | 2023-10-30 |
| Average Volume | 13,261 |