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Index Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

S&P TSX COMPOSITE HIGH BETA INDEX (TSE:TXHB)

Sidelines Mode (-55) - TXHB 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 TXHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for TXHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

TSE_TXHB
Open High Low TXHB Price Change
9.44 9.68 9.34 9.68 +0.53
Entry Signal

MarketClub’s Trade Triangles for TXHB

long term down The long-term trend has been DOWN since Feb 25th, 2020 at 15.78

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2020 at 16.42

short term up The short-term trend has been UP since Apr 6th, 2020 at 9.58

Smart Scan Analysis for TXHB

Based on our trend formula, TXHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for TXHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.44 9.68 9.34 9.68 +0.53
Prev. Close Volume Bid Ask Time
8.97 139186953 2020-04-06 15:59:31
52wk High26.9952wk High Date2018-05-22
52wk Low18.452wk Low Date2018-11-28
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