Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

S&P/TSX SmallCap Index (TSE:TX20)

Countertrend Up (+85) - TX20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid TX20?

MarketClub looks at technical strength and momentum to determine if the timing is right for TX20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low TX20 Price Change
771.52 774.34 771.45 774.25 +6.10
Entry Signal

MarketClub’s Trade Triangles for TX20

long term up The long-term trend has been UP since Dec 27th, 2023 at 713.40

intermediate term up The intermediate-term trend has been UP since May 9th, 2024 at 767.70

short term down The short-term trend has been DOWN since May 22nd, 2024 at 770.92

Smart Scan Analysis for TX20

Based on our trend formula, TX20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for TX20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
771.52 774.34 771.45 774.25 +6.10
Prev. Close Volume Bid Ask Time
774.63 26705481 2024-05-27 15:59:32
52wk High673.2952wk High Date2018-01-16
52wk Low538.4252wk Low Date2018-11-27
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