Index Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
OMRX Treasury Bond 1-3 y Index (NASDAQ:OMRXTBOND13)
Long-Term Downtrend (-90) - OMRXTBOND13 is in a strong downtrend that is likely to continue. While OMRXTBOND13 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 OMRXTBOND13?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXTBOND13.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXTBOND13
The long-term trend has been DOWN since Apr 28th, 2020 at 451.85
The intermediate-term trend has been DOWN since Jul 14th, 2020 at 451.70
The short-term trend has been DOWN since Aug 12th, 2020 at 451.43
Smart Scan Analysis for OMRXTBOND13
Based on our trend formula, OMRXTBOND13 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).