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Index Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
S&P/TSX Equal Weight Diversified Banks Index (TSE:TXDE)
Sidelines Mode (+55) - TXDE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TXDE?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXDE.
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 TXDE
The long-term trend has been UP since Dec 19th, 2023 at 371.31
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 385.25
The short-term trend has been UP since Apr 19th, 2024 at 379.29
Smart Scan Analysis for TXDE
Based on our trend formula, TXDE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 376.38 | 379.97 | 375.86 | 378.69 | +2.08 |
| Prev. Close | Volume | Bid | Ask | Time |
| 376.61 | 9356918 | 2024-04-19 15:59:32 |
| 52wk High | 353.51 | 52wk High Date | 2018-09-21 |
| 52wk Low | 315.41 | 52wk Low Date | 2018-11-20 |