Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
OMRX Bond All ex Muni 3-5 y Index (NASDAQ:OMRXBONDXMUNI35)
Sidelines Mode (-55) - OMRXBONDXMUNI35 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 OMRXBONDXMUNI35?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXBONDXMUNI35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXBONDXMUNI35
The long-term trend has been DOWN since Sep 24th, 2021 at 1030.10
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 1034.89
The short-term trend has been UP since Nov 26th, 2021 at 1025.43
Smart Scan Analysis for OMRXBONDXMUNI35
Based on our trend formula, OMRXBONDXMUNI35 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).