Index Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
S&P TSX 60 EQUAL WEIGHT INDEX (TSE:TXEW)
Sidelines Mode (+55) - TXEW 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 TXEW?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXEW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXEW
The long-term trend has been UP since Jun 8th, 2020 at 148.53
The intermediate-term trend has been UP since Feb 5th, 2021 at 169.92
The short-term trend has been DOWN since Feb 26th, 2021 at 170.26
Smart Scan Analysis for TXEW
Based on our trend formula, TXEW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||154.57||52wk High Date||2018-07-13|
|52wk Low||133.01||52wk Low Date||2018-10-29|