Is S&P/TSX 60 Index index a buy or sell right now?

Based on current indicators, S&P/TSX 60 Index shows a Buy signal, supported by strong momentum and a confirmed uptrend.

What is S&P/TSX 60 Index’s RSI?

RSI is 66.16, showing balanced momentum within the normal range.

What does MACD indicate for TX60.TS?

MACD at 14.68 signals bullish momentum with buyers in control.

What are S&P/TSX 60 Index’s key support and resistance levels?

Support sits around $1822.01, while resistance is near $1987.71.

S&P/TSX 60 Index

TX60.TS•INDEX

$1978.21

$11.31(0.58%)

Canadian Market opens in 15h 20m

S&P/TSX 60 Index (TX60.TS) Index: Technical Analysis & Trading Signals Today

Comprehensive technical indicators and trading signals for informed investment decisions

TX60.TS Technical Analysis Summary

S&P/TSX 60 Index index currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy

Momentum:Bullish (RSI: 66.16)

Trend Strength:Moderate (ADX: 20.11)

Volatility:Low (ATR: 24.66)

Support/Resistance:$1822.01 – $1987.71 (Bollinger Bands)

Overall, S&P/TSX 60 Index remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 66.16

Bullish

Above midpoint suggests upward bias.

Stochastic %K: 97.14

Bearish

Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 6.18

Strongly Bullish

Strong upside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 14.68

Bullish

Bullish, trend momentum is strengthening.

ADX: 20.11

Moderate

Moderate trend, direction gaining strength.

ATR (14): 24.66

Rising

Rising volatility, market activity increasing.

CCI (14): 119.49

Bearish Risk

Bearish risk, overbought levels suggest caution.

Takeaway:S&P/TSX 60 Index shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators

Bollinger Bands

Upper Band

$1987.71

Middle Band (SMA 20)

$1904.86

Lower Band

$1822.01

Current Position

Within Bands

Takeaway:S&P/TSX 60 Index trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels

Upper Channel

$1974.78

Middle Line (EMA 20)

$1925.47

Lower Channel

$1876.16

Squeeze Status

No Squeeze

Takeaway:S&P/TSX 60 Index trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis

On-Balance Volume1.36B

Money Flow Index77.16Bullish, inflows support continued momentum.

Relative Vigor Index79.08Bullish, price momentum strongly favors buyers.

Overall Takeaway:TX60.TS shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary

Based on the current technical analysis of S&P/TSX 60 Index, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:S&P/TSX 60 Index currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.