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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.
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MarketClub’s Trade Triangles for TXGM
The long-term trend has been UP since Dec 1st, 2023 at 110.13
The intermediate-term trend has been UP since Nov 17th, 2023 at 106.43
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).
| 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 High | 77.6 | 52wk High Date | 2018-06-07 |
| 52wk Low | 61.01 | 52wk Low Date | 2018-09-11 |