Index Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
S&P/TSX Capped Energy Index (TSE:TTEN)
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 TTEN
The long term trend has been UP since Sep 16th, 2019 at 144.02
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 129.28
The short term trend has been UP since Oct 11th, 2019 at 127.43
Smart Scan Analysis for TTEN
Based on a pre-defined weighted trend formula for chart analysis, TTEN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||213.47000000||52wk High Date||2018-05-22|
|52wk Low||146.31000000||52wk Low Date||2018-11-28|