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Index Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

S&P TSX GLOBAL MINING INDEX (TSE:TXGM)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_TXGM
Open High Low TXGM Price Change
70.77 70.97 70.40 70.74 +0.67
Entry Signal

MarketClub’s Trade Triangles for TXGM

long term down The long term trend has been DOWN since May 10th, 2019 at 70.90

intermediate term down The intermediate term trend has been DOWN since Apr 22nd, 2019 at 75.88

short term down The short term trend has been DOWN since May 21st, 2019 at 71.08

Smart Scan Analysis for TXGM

Based on a pre-defined weighted trend formula for chart analysis, TXGM scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for TXGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.77 70.97 70.40 70.74 +0.67
Prev. Close Volume Bid Ask Time
72.89 98740996 2019-05-24 16:04:33
52wk High77.652wk High Date2018-06-07
52wk Low61.0152wk Low Date2018-09-11
Want to analyze S&P TSX GLOBAL MINING INDEX TXGM or another symbol? Try our Free Index Trend Analysis Report.