Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
OMRX Bond All ex Muni 1-3 y Index (NASDAQ:OMRXBONDXMUNI13)
Sidelines Mode (-55) - OMRXBONDXMUNI13 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OMRXBONDXMUNI13?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBONDXMUNI13.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBONDXMUNI13
The long-term trend has been DOWN since Oct 18th, 2021 at 1001.02
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 1001.29
The short-term trend has been UP since Nov 26th, 2021 at 999.33
Smart Scan Analysis for OMRXBONDXMUNI13
Based on our trend formula, OMRXBONDXMUNI13 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).