Mutual Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
INVESCO ROCHESTER MUNICIPAL OPPORTUNITIES FUND CLASS A (NASDAQ:ORNAX)
Bear Market Rally (-75) - ORNAX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ORNAX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ORNAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ORNAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ORNAX
The long-term trend has been DOWN since Sep 14th, 2022 at 6.78
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 7.12
The short-term trend has been UP since Oct 3rd, 2022 at 6.52
Smart Scan Analysis for ORNAX
Based on our trend formula, ORNAX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8.53||52wk High Date||2021-12-07|
|52wk Low||6.51||52wk Low Date||2022-09-30|
|Year End Close||8.16||Payment Date||2013-07-23|