Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
OMRX All Index (NASDAQ:OMRXALL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRXALL
The long term trend has been UP since Dec 12th, 2018 at 1288.90
The intermediate term trend has been DOWN since Jul 9th, 2019 at 1311.65
The short term trend has been UP since Jul 17th, 2019 at 1310.08
Smart Scan Analysis for OMRXALL
Based on a pre-defined weighted trend formula for chart analysis, OMRXALL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).