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.
MarketClub’s Trade Triangles for TXHB
The long-term trend has been DOWN since Feb 25th, 2020 at 15.78
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 16.42
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).
|52wk High||26.99||52wk High Date||2018-05-22|
|52wk Low||18.4||52wk Low Date||2018-11-28|