Index Trend Analysis Report
Prepared for you on Sunday, May 22, 2022.
OMRX Mortgage Bond All Index (NASDAQ:OMRXMORTALL)
Long-Term Downtrend (-90) - OMRXMORTALL is in a strong downtrend that is likely to continue. While OMRXMORTALL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMRXMORTALL?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXMORTALL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXMORTALL
The long-term trend has been DOWN since Sep 27th, 2021 at 648.06
The intermediate-term trend has been DOWN since Mar 10th, 2022 at 635.50
The short-term trend has been DOWN since May 18th, 2022 at 611.34
Smart Scan Analysis for OMRXMORTALL
Based on our trend formula, OMRXMORTALL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).