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Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

OMRX Total Market Index (NASDAQ:OMRXTOT)

Bull Market Weakness (+75) - OMRXTOT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRXTOT as it may be in the beginning stages of a reversal.

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.

NASDAQ_OMRXTOT
Open High Low OMRXTOT Price Change
5941.28 5941.66 5940.04 5940.41 -0.37
Entry Signal

MarketClub’s Trade Triangles for OMRXTOT

long term up The long-term trend has been UP since Oct 31st, 2023 at 5694.67

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 5908.31

short term down The short-term trend has been DOWN since May 23rd, 2024 at 5937.34

Smart Scan Analysis for OMRXTOT

Based on our trend formula, OMRXTOT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for OMRXTOT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5941.28 5941.66 5940.04 5940.41 -0.37
Prev. Close Volume Bid Ask Time
5940.78 0 2024-05-28 06:00:00
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