Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
OMRX Municipal Bond Index (NASDAQ:OMRXMUNI)
Long-Term Uptrend (+90) - OMRXMUNI is in a strong uptrend that is likely to continue. While OMRXMUNI is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid OMRXMUNI?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXMUNI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXMUNI
The long-term trend has been UP since Sep 1st, 2023 at 1174.54
The intermediate-term trend has been UP since Oct 6th, 2023 at 1174.87
The short-term trend has been UP since Nov 27th, 2023 at 1193.44
Smart Scan Analysis for OMRXMUNI
Based on our trend formula, OMRXMUNI is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).