Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
S&P/TSX Global Mining Index (TSE:TXGM)
Sidelines Mode (-55) - TXGM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TXGM?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXGM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXGM
The long-term trend has been DOWN since Feb 27th, 2020 at 75.17
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 78.29
The short-term trend has been UP since Apr 2nd, 2020 at 67.40
Smart Scan Analysis for TXGM
Based on our trend formula, TXGM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||77.6||52wk High Date||2018-06-07|
|52wk Low||61.01||52wk Low Date||2018-09-11|