Index Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
S&P TSX EQUAL WEIGHT GLOBAL GOLD INDEX (TSE:TXGE)
Countertrend Down (-85) - TXGE is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TXGE?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXGE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXGE
The long-term trend has been DOWN since May 12th, 2022 at 1631.14
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 1982.04
The short-term trend has been UP since Jun 22nd, 2022 at 1630.60
Smart Scan Analysis for TXGE
Based on our trend formula, TXGE is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1239.74||52wk High Date||2018-01-24|
|52wk Low||901.79||52wk Low Date||2018-11-13|