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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
OMRX Government Debt Index (NASDAQ:OMRXGOVT)
Countertrend Up (+85) - OMRXGOVT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid OMRXGOVT?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXGOVT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OMRXGOVT
The long-term trend has been UP since Nov 14th, 2023 at 5440.66
The intermediate-term trend has been UP since Jun 4th, 2024 at 5667.32
The short-term trend has been DOWN since Jul 26th, 2024 at 5757.00
Smart Scan Analysis for OMRXGOVT
Based on our trend formula, OMRXGOVT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5766.69 | 5768.57 | 5755.40 | 5767.08 | +0.76 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5766.32 | 0 | 2024-07-26 10:20:00 |