Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
OMRX Bond All ex Muni 1-3 y Index (NASDAQ:OMRXBONDXMUNI13)
Long-Term Uptrend (+90) - OMRXBONDXMUNI13 is in a strong uptrend that is likely to continue. While OMRXBONDXMUNI13 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 18th, 2020 at 998.40
The intermediate-term trend has been UP since Jul 23rd, 2020 at 1001.63
The short-term trend has been UP since Aug 18th, 2020 at 1001.39
Smart Scan Analysis for OMRXBONDXMUNI13
Based on our trend formula, OMRXBONDXMUNI13 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).