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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.

Open High Low TXGM Price Change
109.05 110.21 108.58 108.80 +0.35
Entry Signal

MarketClub’s Trade Triangles for TXGM

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 105.78

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 116.02

short term up 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).

Smart Scan Analysis for TXGM
Strong Downtrend Sideways 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 High77.652wk High Date2018-06-07
52wk Low61.0152wk Low Date2018-09-11
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