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.
MarketClub’s Trade Triangles for TX6C
The long-term trend has been DOWN since May 9th, 2022 at 1365.19
The intermediate-term trend has been UP since Jul 27th, 2022 at 1285.42
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).
|52wk High||1088.59||52wk High Date||2018-07-13|
|52wk Low||963.91||52wk Low Date||2018-10-29|