Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
OMRX Mortgage Bond 3-5 y Index (NASDAQ:OMRXMORT35)
Strong Downtrend (-100) - OMRXMORT35 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMRXMORT35 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMRXMORT35?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXMORT35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXMORT35
The long-term trend has been DOWN since Sep 24th, 2021 at 814.38
The intermediate-term trend has been DOWN since Dec 27th, 2021 at 811.18
The short-term trend has been DOWN since Jan 19th, 2022 at 804.47
Smart Scan Analysis for OMRXMORT35
Based on our trend formula, OMRXMORT35 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).