Index Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
OMRX Bond All 1-3 y Index (NASDAQ:OMRXBOND13)
Bull Market Weakness (+75) - OMRXBOND13 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRXBOND13 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMRXBOND13?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBOND13.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBOND13
The long-term trend has been DOWN since Feb 21st, 2023 at 506.81
The intermediate-term trend has been UP since Mar 13th, 2023 at 509.24
The short-term trend has been UP since Mar 10th, 2023 at 506.72
Smart Scan Analysis for OMRXBOND13
Based on our trend formula, OMRXBOND13 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).