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Asset Summary

Weekly Performance Report for TJX ETF: Week 50, 2024

Summary: The Weekly started with TJX ETF opening at $126.4 and closing at $126.42. The ETF showed resilience throughout the Weekly, with the highest price observed at $127.91 and the lowest at $124.94. The underlying asset had a trading range of $2.97 Overall, it was a positive trading Weekly for TJX ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.02 or 0.02% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for TJX ETF was 22,600,522 units during Week 50, indicating active market participation and investor interest.

Opening Price: The Weekly started at $126.4.

Highest Price: The highest price observed during the Weekly was $127.91.

Lowest Price: The lowest price observed during the Weekly was $124.94.

Closing Price: The Weekly ended at $126.42.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

TJX has historically performed well during economic downturns as consumers tend to seek value-oriented shopping options.

TJX faces challenges such as competition from other retailers, changing consumer preferences, and potential supply chain disruptions.

TJX operates in the retail market, focusing on off-price merchandise in the United States and internationally.

Investors can find financial information, including earnings reports and SEC filings, on TJX Companies’ investor relations website.

TJX sources products directly from manufacturers and overstock items, allowing them to sell at lower prices compared to traditional retailers.

Recent developments include expansion into new markets and ongoing investments in e-commerce to meet changing consumer demands.

TJX Companies was founded in 1956 as the Zayre discount store chain and later transitioned to off-price retailing.

Yes, TJX Companies is publicly traded on the New York Stock Exchange under the ticker symbol TJX.

TJX is positioned for continued growth, with plans to expand its store footprint and enhance its online presence.

TJX engages in corporate social responsibility by supporting local communities, promoting diversity and inclusion, and ethical business practices.

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The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

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