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Index Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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
74.78 74.98 74.29 74.59 -0.68
Entry Signal

MarketClub’s Trade Triangles for TXGM

long term up The long term trend has been UP since Jun 24th, 2019 at 79.17

intermediate term down The intermediate term trend has been DOWN since Jul 31st, 2019 at 77.36

short term down The short term trend has been DOWN since Aug 12th, 2019 at 75.91

Smart Scan Analysis for TXGM

Based on a pre-defined weighted trend formula for chart analysis, TXGM scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for TXGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.78 74.98 74.29 74.59 -0.68
Prev. Close Volume Bid Ask Time
70.81 128244997 2019-08-16 16:04:18
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.