Index Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
S&P TSX 60 EQUAL WEIGHT INDEX (TSE:TXEW)
Crossroads (-60) - TXEW is struggling to move into a solid trend. Beware of choppy markets 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 Nov 22nd, 2022 at 199.45
The intermediate-term trend has been DOWN since May 16th, 2023 at 208.79
The short-term trend has been DOWN since May 11th, 2023 at 210.13
Smart Scan Analysis for TXEW
Based on our trend formula, TXEW is rated as a -60 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|