Index Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
S&P/TSX Clean Technology Index (TSE:TXCT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 TXCT
The long term trend has been UP since Feb 1st, 2019 at 126.74
The intermediate term trend has been UP since May 14th, 2019 at 134.88
The short term trend has been DOWN since Jun 21st, 2019 at 141.12
Smart Scan Analysis for TXCT
Based on a pre-defined weighted trend formula for chart analysis, TXCT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||149.87||52wk High Date||2017-12-18|
|52wk Low||119.52||52wk Low Date||2018-11-20|