Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P/TSX Capped Consumer Discretionary Index (TSE:TTCD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TTCD
The long term trend has been DOWN since May 30th, 2019 at 190.05
The intermediate term trend has been UP since Jun 13th, 2019 at 198.40
The short term trend has been DOWN since Jul 18th, 2019 at 204.09
Smart Scan Analysis for TTCD
Based on a pre-defined weighted trend formula for chart analysis, TTCD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||232.38||52wk High Date||2018-06-20|
|52wk Low||183.8||52wk Low Date||2018-11-20|