TSX Industrials Index Technical Analysis

TTIN Index   394.13  2.76  0.70%   

TSX Industrials Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TSX Industrials, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TSX Industrials
TSX Industrials' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
TSX Industrials technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
A focus of TSX Industrials technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of TSX Industrials trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

TSX Industrials Capped Trend Analysis

Use this graph to draw trend lines for TSX Industrials Capped. You can use it to identify possible trend reversals for TSX Industrials as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual TSX Industrials price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

TSX Industrials Best Fit Change Line

The following chart estimates an ordinary least squares regression model for TSX Industrials Capped applied against its price change over selected period. The best fit line has a slop of   0.25  , which means TSX Industrials Capped will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2362.15, which is the sum of squared deviations for the predicted TSX Industrials price change compared to its average price change.