Index Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
OMRX Bond All 5- y Index (NASDAQ:OMRXBOND5)
Strong Downtrend (-100) - OMRXBOND5 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMRXBOND5 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMRXBOND5?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBOND5.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBOND5
The long-term trend has been DOWN since Feb 20th, 2023 at 855.05
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 846.28
The short-term trend has been DOWN since Sep 19th, 2023 at 840.52
Smart Scan Analysis for OMRXBOND5
Based on our trend formula, OMRXBOND5 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).