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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.
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MarketClub’s Trade Triangles for TXBA
The long-term trend has been UP since Oct 19th, 2021 at 4222.64
The intermediate-term trend has been UP since Dec 23rd, 2021 at 4395.63
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).
| 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 High | 3580.38 | 52wk High Date | 2018-09-21 |
| 52wk Low | 3182.16 | 52wk Low Date | 2018-11-20 |