Index Trend Analysis Report
Prepared for you on Thursday, June 24, 2021.
OMRX Bond All Index (NASDAQ:OMRXBONDALL)
Bear Market Rally (-75) - OMRXBONDALL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRXBONDALL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMRXBONDALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBONDALL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBONDALL
The long-term trend has been DOWN since Feb 5th, 2021 at 706.82
The intermediate-term trend has been UP since Jun 9th, 2021 at 703.40
The short-term trend has been DOWN since Jun 16th, 2021 at 703.67
Smart Scan Analysis for OMRXBONDALL
Based on our trend formula, OMRXBONDALL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).