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Index Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
S&P TSX 60 COMPOSITE INDEX BANKS (TSE:TXBA)
Strong Downtrend (-100) - TXBA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TXBA continues to fall. Traders should use caution and set stops.
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 DOWN since Mar 13th, 2023 at 3799.56
The intermediate-term trend has been DOWN since Feb 24th, 2023 at 4097.55
The short-term trend has been DOWN since Mar 9th, 2023 at 4036.64
Smart Scan Analysis for TXBA
Based on our trend formula, TXBA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3747.44 | 3775.41 | 3733.75 | 3748.49 | +13.85 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3746.35 | 20232270 | 2023-03-20 15:59:47 |
| 52wk High | 3580.38 | 52wk High Date | 2018-09-21 |
| 52wk Low | 3182.16 | 52wk Low Date | 2018-11-20 |