Index Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
OMRX Total Bond Index (NASDAQ:OMRXBOND)
Bull Market Weakness (+75) - OMRXBOND is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRXBOND as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMRXBOND?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBOND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBOND
The long-term trend has been DOWN since Sep 28th, 2021 at 6565.52
The intermediate-term trend has been UP since Nov 8th, 2021 at 6569.50
The short-term trend has been UP since Nov 26th, 2021 at 6566.85
Smart Scan Analysis for OMRXBOND
Based on our trend formula, OMRXBOND is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).