Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
OMRX Bond All 5- y Index (NASDAQ:OMRXBOND5)
Long-Term Downtrend (-90) - OMRXBOND5 is in a strong downtrend that is likely to continue. While OMRXBOND5 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 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 Jan 7th, 2022 at 1005.88
The intermediate-term trend has been DOWN since Dec 27th, 2021 at 1021.78
The short-term trend has been DOWN since Jan 19th, 2022 at 1002.45
Smart Scan Analysis for OMRXBOND5
Based on our trend formula, OMRXBOND5 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).