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Index Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

S&P/TSX 60 Capped Index (TSE:TX6C)

Crossroads (+60) - TX6C is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TX6C?

MarketClub looks at technical strength and momentum to determine if the timing is right for TX6C.

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

Open High Low TX6C Price Change
1350.42 1355.12 1347.62 1350.73 -4.69
Entry Signal

MarketClub’s Trade Triangles for TX6C

long term down The long-term trend has been DOWN since May 9th, 2022 at 1365.19

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 1285.42

short term up The short-term trend has been UP since Jul 19th, 2022 at 1254.65

Smart Scan Analysis for TX6C

Based on our trend formula, TX6C is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for TX6C
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1350.42 1355.12 1347.62 1350.73 -4.69
Prev. Close Volume Bid Ask Time
1355.42 57755340 2022-08-17 15:59:46
52wk High1088.5952wk High Date2018-07-13
52wk Low963.9152wk Low Date2018-10-29
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