Index Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
OMRX Bond All 1-3 y Index (NASDAQ:OMRXBOND13)
Long-Term Downtrend (-90) - OMRXBOND13 is in a strong downtrend that is likely to continue. While OMRXBOND13 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jan 11th, 2021 at 528.79
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 528.94
The short-term trend has been DOWN since Jan 20th, 2021 at 528.86
Smart Scan Analysis for OMRXBOND13
Based on our trend formula, OMRXBOND13 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).