Index Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
S&P TSX 60 EQUAL WEIGHT INDEX (TSE:TXEW)
Bull Market Weakness (+75) - TXEW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TXEW as it may be in the beginning stages of a reversal.
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 DOWN since Feb 27th, 2020 at 148.23
The intermediate-term trend has been UP since Apr 6th, 2020 at 121.94
The short-term trend has been UP since May 19th, 2020 at 136.89
Smart Scan Analysis for TXEW
Based on our trend formula, TXEW is rated as a +70 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|