Index Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
OMRX All Index (NASDAQ:OMRXALL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Apr 15th, 2019 at 1296.83
The short term trend has been DOWN since Apr 15th, 2019 at 1297.15
Smart Scan Analysis for OMRXALL
Based on a pre-defined weighted trend formula for chart analysis, OMRXALL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).