Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P TSX CAPPED UTIL INDEX (TSE:TTUT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TTUT
The long term trend has been DOWN since Jan 4th, 2018 at 245.00
The intermediate term trend has been UP since Nov 12th, 2018 at 227.65
The short term trend has been UP since Nov 5th, 2018 at 220.00
Smart Scan Analysis for TTUT
Based on a pre-defined weighted trend formula for chart analysis, TTUT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||256.17||52wk High Date||2017-11-28|
|52wk Low||216.32||52wk Low Date||2018-10-31|