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Index Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

S&P/TSX Completion Index (TSE:TX40)

Sidelines Mode (+50) - TX40 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until TX40 can gain momentum.

Is it time to buy, sell, or avoid TX40?

MarketClub looks at technical strength and momentum to determine if the timing is right for TX40.

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

Open High Low TX40 Price Change
1212.49 1212.49 1199.41 1204.19 -13.12
Entry Signal

MarketClub’s Trade Triangles for TX40

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 1188.61

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2022 at 1225.94

short term up The short-term trend has been UP since Jan 11th, 2022 at 1205.82

Smart Scan Analysis for TX40

Based on our trend formula, TX40 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for TX40
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1212.49 1212.49 1199.41 1204.19 -13.12
Prev. Close Volume Bid Ask Time
1204.19 139169763 2022-01-18 16:00:02
52wk High1030.0352wk High Date2018-06-20
52wk Low882.4252wk Low Date2018-11-20
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