Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
S&P TSX COMPOSITE HIGH BETA INDEX (TSE:TXHB)
Sidelines Mode (-55) - TXHB 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 TXHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXHB
The long-term trend has been DOWN since May 9th, 2022 at 25.86
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 29.89
The short-term trend has been UP since May 13th, 2022 at 25.85
Smart Scan Analysis for TXHB
Based on our trend formula, TXHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||26.99||52wk High Date||2018-05-22|
|52wk Low||18.4||52wk Low Date||2018-11-28|