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Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
S&P TSX COMPOSITE BUYBACK INDEX (TSE:TXBB)
Sidelines Mode (-55) - TXBB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TXBB?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXBB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TXBB
The long-term trend has been DOWN since May 9th, 2022 at 8408.39
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 8823.39
The short-term trend has been UP since May 25th, 2022 at 8580.74
Smart Scan Analysis for TXBB
Based on our trend formula, TXBB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8735.21 | 8822.39 | 8733.37 | 8820.26 | +102.16 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8820.07 | 43273084 | 2022-05-27 15:59:46 |
| 52wk High | 7235.92 | 52wk High Date | 2018-08-30 |
| 52wk Low | 6231.13 | 52wk Low Date | 2018-02-09 |