Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
OMRX Mortgage Bond 1-3 y Index (NASDAQ:OMRXMORT13)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRXMORT13
The long term trend has been UP since Feb 11th, 2019 at 559.19
The intermediate term trend has been DOWN since Apr 2nd, 2019 at 559.05
The short term trend has been DOWN since Apr 15th, 2019 at 559.03
Smart Scan Analysis for OMRXMORT13
Based on a pre-defined weighted trend formula for chart analysis, OMRXMORT13 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).