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.
MarketClub’s Trade Triangles for TXGE
The long-term trend has been DOWN since May 12th, 2022 at 1631.14
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 1982.04
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).
|52wk High||1239.74||52wk High Date||2018-01-24|
|52wk Low||901.79||52wk Low Date||2018-11-13|