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

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

What is S&P/TSX Composite Index’s RSI?

RSI is 58.99, showing balanced momentum within the normal range.

What does MACD indicate for ^GSPTSE?

MACD at 87.87 signals bullish momentum with buyers in control.

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

Support sits around $31299.30, while resistance is near $33804.49.

S&P/TSX Composite Index

^GSPTSE•INDEX

$33680.42

$59.85(0.18%)

Canadian Market is Open • 12:38

S&P/TSX Composite Index (^GSPTSE) Index: Technical Analysis & Trading Signals Today

Comprehensive technical indicators and trading signals for informed investment decisions

^GSPTSE Technical Analysis Summary

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

Overall Sentiment:Buy

Momentum:Neutral to Bullish (RSI: 58.99)

Trend Strength:Moderate (ADX: 22.87)

Volatility:Low (ATR: 496.71)

Support/Resistance:$31299.30 – $33804.49 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 58.99

Bullish

Above midpoint suggests upward bias.

Stochastic %K: 92.55

Bearish

Overbought levels may trigger pullback.

Williams %R: -13.37

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 5.16

Strongly Bullish

Strong upside momentum.

Takeaway:S&P/TSX Composite Index shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 87.87

Bullish

Bullish, trend momentum is strengthening.

ADX: 22.87

Moderate

Moderate trend, direction gaining strength.

ATR (14): 496.71

Rising

Rising volatility, market activity increasing.

CCI (14): 112.39

Bearish Risk

Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators

Bollinger Bands

Upper Band

$33804.49

Middle Band (SMA 20)

$32551.90

Lower Band

$31299.30

Current Position

Within Bands

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

Keltner Channels

Upper Channel

$33858.79

Middle Line (EMA 20)

$32865.37

Lower Channel

$31871.95

Squeeze Status

No Squeeze

Takeaway:S&P/TSX Composite Index trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis

On-Balance Volume3.88B

Money Flow Index55.23Neutral, balanced money flows with no clear signal.

Relative Vigor Index67.53Bullish, price momentum strongly favors buyers.

Overall Takeaway:^GSPTSE shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary

Based on the current technical analysis of S&P/TSX Composite 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 Composite 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.