Index Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
OMRX All ex Muni Index (NASDAQ:OMRXALLXMUNI)
Bear Market Rally (-75) - OMRXALLXMUNI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRXALLXMUNI as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMRXALLXMUNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXALLXMUNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXALLXMUNI
The long-term trend has been DOWN since Feb 5th, 2021 at 1031.08
The intermediate-term trend has been UP since Jun 9th, 2021 at 1026.01
The short-term trend has been DOWN since Jun 16th, 2021 at 1026.19
Smart Scan Analysis for OMRXALLXMUNI
Based on our trend formula, OMRXALLXMUNI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).