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Index Trend Analysis Report
Prepared for you on Thursday, September 12, 2024.
S&P/TSX Equal Weight Oil & Gas Index (TSE:TXOE)
Crossroads (-60) - TXOE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TXOE?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXOE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TXOE
The long-term trend has been UP since Mar 1st, 2024 at 285.27
The intermediate-term trend has been DOWN since Sep 3rd, 2024 at 311.54
The short-term trend has been DOWN since Aug 28th, 2024 at 316.66
Smart Scan Analysis for TXOE
Based on our trend formula, TXOE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 300.12 | 300.52 | 295.21 | 298.03 | -0.79 |
| Prev. Close | Volume | Bid | Ask | Time |
| 298.03 | 24218186 | 2024-09-11 15:58:17 |
| 52wk High | 259 | 52wk High Date | 2018-07-13 |
| 52wk Low | 188.8 | 52wk Low Date | 2018-11-28 |