Index Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
OMRX Total Market Index (NASDAQ:OMRXTOT)
Strong Downtrend (-100) - OMRXTOT 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 OMRXTOT?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRXTOT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRXTOT
The long-term trend has been DOWN since Feb 5th, 2021 at 6143.09
The intermediate-term trend has been DOWN since Apr 28th, 2021 at 6110.20
The short-term trend has been DOWN since May 10th, 2021 at 6110.04
Smart Scan Analysis for OMRXTOT
Based on our trend formula, OMRXTOT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).