Index Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
OMRX Treasury Bond 5- y Index (NASDAQ:OMRXTBOND5)
Crossroads (+60) - OMRXTBOND5 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OMRXTBOND5?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXTBOND5.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXTBOND5
The long-term trend has been DOWN since Feb 15th, 2023 at 844.84
The intermediate-term trend has been UP since Mar 13th, 2023 at 846.13
The short-term trend has been UP since Mar 3rd, 2023 at 827.58
Smart Scan Analysis for OMRXTBOND5
Based on our trend formula, OMRXTBOND5 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).