Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
S&P TSX EQUAL WEIGHT INDUSTRIALS INDEX (TSE:TXIE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for TXIE
The long term trend has been UP since Feb 20th, 2019 at 2185.76
The intermediate term trend has been UP since May 15th, 2019 at 2234.00
The short term trend has been DOWN since May 23rd, 2019 at 2271.72
Smart Scan Analysis for TXIE
Based on a pre-defined weighted trend formula for chart analysis, TXIE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2408.76||52wk High Date||2018-08-30|
|52wk Low||2076.21||52wk Low Date||2018-11-20|