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.
MarketClub’s Trade Triangles for TXBB
The long term trend has been DOWN since Oct 1st, 2018 at 6969.08
The intermediate term trend has been DOWN since Sep 11th, 2018 at 7029.53
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).
|52wk High||7235.92||52wk High Date||2018-08-30|
|52wk Low||6231.13||52wk Low Date||2018-02-09|