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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.

TSE_TXEW
Open High Low TXEW Price Change
140.73 140.74 139.15 140.06 -1.54
Entry Signal

MarketClub’s Trade Triangles for TXEW

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 148.23

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 121.94

short term up 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).

+70
Smart Scan Analysis for TXEW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
140.73 140.74 139.15 140.06 -1.54
Prev. Close Volume Bid Ask Time
116.15 119411052 2020-05-29 15:59:47
52wk High154.5752wk High Date2018-07-13
52wk Low133.0152wk Low Date2018-10-29
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