Index Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
S&P/TSX Equity Income Index (TSE:TXEI)
Long-Term Downtrend (-90) - TXEI is in a strong downtrend that is likely to continue. While TXEI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TXEI?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXEI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXEI
The long-term trend has been DOWN since May 12th, 2022 at 136.27
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 141.05
The short-term trend has been DOWN since Jun 30th, 2022 at 130.26
Smart Scan Analysis for TXEI
Based on our trend formula, TXEI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||115||52wk High Date||2017-12-13|
|52wk Low||100.67||52wk Low Date||2018-10-30|