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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.

TSE_TXEW
Open High Low TXEW Price Change
172.18 172.27 169.43 171.06 -1.64
Entry Signal

MarketClub’s Trade Triangles for TXEW

long term up The long-term trend has been UP since Jun 8th, 2020 at 148.53

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2021 at 169.92

short term down 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).

+55
Smart Scan Analysis for TXEW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
172.18 172.27 169.43 171.06 -1.64
Prev. Close Volume Bid Ask Time
172.70 40849052 2021-02-26 11:04:02
52wk High154.5752wk High Date2018-07-13
52wk Low133.0152wk Low Date2018-10-29
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