Index Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
OMRX Bond All 3-5 y Index (NASDAQ:OMRXBOND35)
Long-Term Downtrend (-90) - OMRXBOND35 is in a strong downtrend that is likely to continue. While OMRXBOND35 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 OMRXBOND35?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBOND35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBOND35
The long-term trend has been DOWN since Mar 16th, 2020 at 736.90
The intermediate-term trend has been DOWN since Jun 3rd, 2020 at 742.40
The short-term trend has been DOWN since May 19th, 2020 at 743.83
Smart Scan Analysis for OMRXBOND35
Based on our trend formula, OMRXBOND35 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).