Index Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
S&P TSX 60 EQUAL WEIGHT INDEX (TSE:TXEW)
Long-Term Uptrend (+90) - TXEW is in a strong uptrend that is likely to continue. While TXEW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 12th, 2021 at 196.36
The short-term trend has been UP since Oct 5th, 2021 at 193.90
Smart Scan Analysis for TXEW
Based on our trend formula, TXEW is rated as a +90 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|