Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
OMRX Mortgage Bond Index (NASDAQ:OMRXMORT)
Bear Market Rally (-75) - OMRXMORT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRXMORT as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMRXMORT?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXMORT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXMORT
The long-term trend has been DOWN since Mar 16th, 2020 at 6136.39
The intermediate-term trend has been UP since Apr 6th, 2020 at 6164.23
The short-term trend has been DOWN since May 27th, 2020 at 6184.55
Smart Scan Analysis for OMRXMORT
Based on our trend formula, OMRXMORT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).