Index Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
S&P TSX EQUAL WEIGHT INDUSTRIALS INDEX (TSE:TXIE)
Long-Term Uptrend (+90) - TXIE is in a strong uptrend that is likely to continue. While TXIE is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid TXIE?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXIE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TXIE
The long-term trend has been UP since Aug 7th, 2020 at 2309.38
The intermediate-term trend has been UP since Oct 14th, 2021 at 3353.37
The short-term trend has been UP since Oct 7th, 2021 at 3265.59
Smart Scan Analysis for TXIE
Based on our trend formula, TXIE is rated as a +90 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|