Stock Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
HORIZONS EQUAL WEIGHT CANADA BANKS INDEX ETF (TSE:HEWB)
Bear Market Rally (-75) - HEWB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HEWB as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HEWB?
MarketClub looks at technical strength and momentum to determine if the timing is right for HEWB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HEWB
The long-term trend has been DOWN since Mar 24th, 2023 at 27.61
The intermediate-term trend has been DOWN since May 4th, 2023 at 28.60
The short-term trend has been UP since Jun 5th, 2023 at 28.26
Smart Scan Analysis for HEWB
Based on our trend formula, HEWB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).