Free Daily Analysis

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.

Open High Low TXGM Price Change
69.57 70.79 69.20 70.58 +3.78
Entry Signal

MarketClub’s Trade Triangles for TXGM

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 75.17

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2020 at 78.29

short term up 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).

Smart Scan Analysis for TXGM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.57 70.79 69.20 70.58 +3.78
Prev. Close Volume Bid Ask Time
65.53 136547446 2020-04-06 14:59:33
52wk High77.652wk High Date2018-06-07
52wk Low61.0152wk Low Date2018-09-11
Get a free daily analysis and signals for S&P/TSX Global Mining Index (TXGM) - Request Your Free Report.