Index Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
S&P TSX COMPOSITE BUYBACK INDEX (TSE:TXBB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TXBB
The long term trend has been DOWN since Oct 1st, 2018 at 6969.08
The intermediate term trend has been UP since Jan 7th, 2019 at 6155.75
The short term trend has been UP since Feb 13th, 2019 at 6513.96
Smart Scan Analysis for TXBB
Based on a pre-defined weighted trend formula for chart analysis, TXBB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7235.92||52wk High Date||2018-08-30|
|52wk Low||6231.13||52wk Low Date||2018-02-09|