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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.

TSE_TXDE
Open High Low TXDE Price Change
346.20 346.61 345.36 346.06 0.00
Entry Signal

MarketClub’s Trade Triangles for TXDE

long term up The long term trend has been UP since Feb 1st, 2019 at 328.39

intermediate term up The intermediate term trend has been UP since Jan 17th, 2020 at 342.74

short term down 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).

+75
Smart Scan Analysis for TXDE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
346.20 346.61 345.36 346.06 0.00
Prev. Close Volume Bid Ask Time
337.53 4769173 2020-02-14 15:58:47
52wk High353.5152wk High Date2018-09-21
52wk Low315.4152wk Low Date2018-11-20
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