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Index Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

S&P TSX 60 COMPOSITE INDEX BANKS (TSE:TXBA)

Countertrend Up (+85) - TXBA 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 TXBA?

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

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

TSE_TXBA
Open High Low TXBA Price Change
4647.51 4666.96 4603.39 4633.90 -50.56
Entry Signal

MarketClub’s Trade Triangles for TXBA

long term up The long-term trend has been UP since Oct 19th, 2021 at 4222.64

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 4395.63

short term down The short-term trend has been DOWN since Jan 20th, 2022 at 4692.24

Smart Scan Analysis for TXBA

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

+85
Smart Scan Analysis for TXBA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4647.51 4666.96 4603.39 4633.90 -50.56
Prev. Close Volume Bid Ask Time
4633.90 36455740 2022-01-21 16:00:02
52wk High3580.3852wk High Date2018-09-21
52wk Low3182.1652wk Low Date2018-11-20
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