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Index Trend Analysis Report

Prepared for you on Monday, May 16, 2022.

S&P TSX EQUAL WEIGHT GLOBAL GOLD INDEX (TSE:TXGE)

Long-Term Downtrend (-90) - TXGE is in a strong downtrend that is likely to continue. While TXGE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TXGE?

MarketClub looks at technical strength and momentum to determine if the timing is right for TXGE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

TSE_TXGE
Open High Low TXGE Price Change
1643.50 1659.56 1639.21 1652.79 +6.66
Entry Signal

MarketClub’s Trade Triangles for TXGE

long term down The long-term trend has been DOWN since May 12th, 2022 at 1631.14

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2022 at 1982.04

short term down The short-term trend has been DOWN since May 6th, 2022 at 1845.12

Smart Scan Analysis for TXGE

Based on our trend formula, TXGE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TXGE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1643.50 1659.56 1639.21 1652.79 +6.66
Prev. Close Volume Bid Ask Time
1646.13 63331378 2022-05-16 17:04:12
52wk High1239.7452wk High Date2018-01-24
52wk Low901.7952wk Low Date2018-11-13
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