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Index Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
S&P/TSX Global Mining Index (TSE:TXGM)
Countertrend Down (-85) - TXGM 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 TXGM?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXGM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TXGM
The long-term trend has been DOWN since Mar 15th, 2023 at 105.78
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 116.02
The short-term trend has been UP since Mar 20th, 2023 at 108.53
Smart Scan Analysis for TXGM
Based on our trend formula, TXGM is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.05 | 110.21 | 108.58 | 108.80 | +0.35 |
| Prev. Close | Volume | Bid | Ask | Time |
| 108.80 | 190215572 | 2023-03-23 16:46:56 |
| 52wk High | 77.6 | 52wk High Date | 2018-06-07 |
| 52wk Low | 61.01 | 52wk Low Date | 2018-09-11 |