Index Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
OMRX Total Market Index (NASDAQ:OMRXTOT)
Countertrend Down (-85) - OMRXTOT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Sep 28th, 2021 at 6099.08
The intermediate-term trend has been DOWN since Aug 26th, 2021 at 6140.00
The short-term trend has been UP since Oct 14th, 2021 at 6099.32
Smart Scan Analysis for OMRXTOT
Based on our trend formula, OMRXTOT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).