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Index Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

S&P/TSX Global Mining Index (TSE:TXGM)

Countertrend Up (+85) - TXGM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

Open High Low TXGM Price Change
108.86 108.93 107.98 108.59 +0.92
Entry Signal

MarketClub’s Trade Triangles for TXGM

long term up The long-term trend has been UP since Dec 1st, 2023 at 110.13

intermediate term up The intermediate-term trend has been UP since Nov 17th, 2023 at 106.43

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 108.19

Smart Scan Analysis for TXGM

Based on our trend formula, TXGM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for TXGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.86 108.93 107.98 108.59 +0.92
Prev. Close Volume Bid Ask Time
108.60 121806541 2023-12-07 16:12:33
52wk High77.652wk High Date2018-06-07
52wk Low61.0152wk Low Date2018-09-11
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