Index Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
S&P/TSX Equal Weight Diversified Banks Index (TSE:TXDE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 TXDE
The long term trend has been UP since Feb 1st, 2019 at 328.39
The intermediate term trend has been UP since Jan 17th, 2020 at 342.74
The short term trend has been DOWN since Feb 13th, 2020 at 344.99
Smart Scan Analysis for TXDE
Based on a pre-defined weighted trend formula for chart analysis, TXDE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||353.51||52wk High Date||2018-09-21|
|52wk Low||315.41||52wk Low Date||2018-11-20|