Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
S&P TSX CAPPED UTIL INDEX (TSE:TTUT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 DOWN since Mar 26th, 2018 at 229.53
The short term trend has been UP since May 23rd, 2018 at 224.27
Smart Scan Analysis for TTUT
Based on a pre-defined weighted trend formula for chart analysis, TTUT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||259.67||52wk High Date||2017-06-26|
|52wk Low||222.2||52wk Low Date||2018-05-17|