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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.

TSE_HEWB
Open High Low HEWB Price Change
28.13 28.27 28.13 28.27 +0.14
Entry Signal

MarketClub’s Trade Triangles for HEWB

long term down The long-term trend has been DOWN since Mar 24th, 2023 at 27.61

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2023 at 28.60

short term up 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).

-75
Smart Scan Analysis for HEWB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.13 28.27 28.13 28.27 +0.14
Prev. Close Volume Bid Ask Time
28.21 426 2023-06-08 15:47:04
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