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Index Trend Analysis Report

Prepared for you on Tuesday, February 4, 2025.

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

Weak Downtrend (-65) - TXBA is showing signs of a strengthening downtrend. Monitor TXBA as it may be building momentum to the downside.

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
4679.61 4693.54 4619.58 4619.58 -44.97
Entry Signal

MarketClub’s Trade Triangles for TXBA

long term up The long-term trend has been UP since Jul 16th, 2024 at 4110.72

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2025 at 4598.18

short term down The short-term trend has been DOWN since Jan 31st, 2025 at 4756.63

Smart Scan Analysis for TXBA

Based on our trend formula, TXBA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for TXBA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4679.61 4693.54 4619.58 4619.58 -44.97
Prev. Close Volume Bid Ask Time
4664.55 13393420 2025-02-04 15:59:32
52wk High3580.3852wk High Date2018-09-21
52wk Low3182.1652wk Low Date2018-11-20
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