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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.

TSE_TXBA
Open High Low TXBA Price Change
3747.44 3775.41 3733.75 3748.49 +13.85
Entry Signal

MarketClub’s Trade Triangles for TXBA

long term down The long-term trend has been DOWN since Mar 13th, 2023 at 3799.56

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2023 at 4097.55

short term down 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).

-100
Smart Scan Analysis for TXBA
Strong Downtrend Sideways 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 High3580.3852wk High Date2018-09-21
52wk Low3182.1652wk Low Date2018-11-20
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