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Index Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

S&P TSX COMPOSITE BUYBACK INDEX (TSE:TXBB)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

TSE_TXBB
Open High Low TXBB Price Change
6304.08 6326.58 6213.38 6227.20 -16.03
Entry Signal

MarketClub’s Trade Triangles for TXBB

long term down The long term trend has been DOWN since Oct 1st, 2018 at 6969.08

intermediate term down The intermediate term trend has been DOWN since Sep 11th, 2018 at 7029.53

short term down The short term trend has been DOWN since Dec 10th, 2018 at 6322.35

Smart Scan Analysis for TXBB

Based on a pre-defined weighted trend formula for chart analysis, TXBB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for TXBB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6304.08 6326.58 6213.38 6227.20 -16.03
Prev. Close Volume Bid Ask Time
6432.75 44564728 2018-12-11 15:59:46
52wk High7235.9252wk High Date2018-08-30
52wk Low6231.1352wk Low Date2018-02-09
Want to analyze S&P TSX COMPOSITE BUYBACK INDEX TXBB or another symbol? Try our Free Index Trend Analysis Report.