Index Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
OMRX Treasury Bond 3-5 y Index (NASDAQ:OMRXTBOND35)
Strong Downtrend (-100) - OMRXTBOND35 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMRXTBOND35?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXTBOND35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXTBOND35
The long-term trend has been DOWN since Jan 8th, 2021 at 615.26
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 615.88
The short-term trend has been DOWN since Jan 29th, 2021 at 615.68
Smart Scan Analysis for OMRXTBOND35
Based on our trend formula, OMRXTBOND35 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).