Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
S&P TSX 60 EQUAL WEIGHT INDEX (TSE:TXEW)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TXEW
The long term trend has been UP since Sep 13th, 2019 at 152.62
The intermediate term trend has been UP since Nov 1st, 2019 at 147.95
The short term trend has been UP since Oct 28th, 2019 at 146.76
Smart Scan Analysis for TXEW
Based on a pre-defined weighted trend formula for chart analysis, TXEW scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||154.57||52wk High Date||2018-07-13|
|52wk Low||133.01||52wk Low Date||2018-10-29|