Index Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
S&P TSX COMPOSITE HIGH BETA INDEX (TSE:TXHB)
Countertrend Up (+85) - TXHB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for TXHB
The long-term trend has been UP since Jun 5th, 2020 at 15.03
The intermediate-term trend has been UP since Apr 14th, 2021 at 24.55
The short-term trend has been DOWN since May 11th, 2021 at 24.75
Smart Scan Analysis for TXHB
Based on our trend formula, TXHB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||26.99||52wk High Date||2018-05-22|
|52wk Low||18.4||52wk Low Date||2018-11-28|