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

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

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

RSI is 63.55, showing balanced momentum within the normal range.

What does MACD indicate for ^SPCDNX?

MACD at 9.31 signals bullish momentum with buyers in control.

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

Support sits around $881.56, while resistance is near $1068.20.

S&P/TSX Venture Composite Index

^SPCDNX•INDEX

$1054.91

$11.32(1.08%)

Canadian Market opens in 1h 27m

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

Comprehensive technical indicators and trading signals for informed investment decisions

^SPCDNX Technical Analysis Summary

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

Overall Sentiment:Buy

Momentum:Bullish (RSI: 63.55)

Trend Strength:Moderate (ADX: 21.23)

Volatility:Medium (ATR: 29.18)

Support/Resistance:$881.56 – $1068.20 (Bollinger Bands)

This mix signals that S&P/TSX Venture Composite Index is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 63.55

Bullish

Above midpoint suggests upward bias.

Stochastic %K: 92.84

Bearish

Overbought levels may trigger pullback.

Williams %R: -11.21

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 15.27

Strongly Bullish

Strong upside momentum.

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

Trend & Volatility

MACD: 9.31

Bullish

Bullish, trend momentum is strengthening.

ADX: 21.23

Moderate

Moderate trend, direction gaining strength.

ATR (14): 29.18

Rising

Rising volatility, market activity increasing.

CCI (14): 137.93

Bearish Risk

Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators

Bollinger Bands

Upper Band

$1068.20

Middle Band (SMA 20)

$974.88

Lower Band

$881.56

Current Position

Within Bands

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

Keltner Channels

Upper Channel

$1062.55

Middle Line (EMA 20)

$1004.18

Lower Channel

$945.82

Squeeze Status

No Squeeze

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

Volume & Money Flow Analysis

On-Balance Volume870.19M

Money Flow Index87.74Bearish risk, overbought conditions may trigger pullback.

Relative Vigor Index79.10Bullish, price momentum strongly favors buyers.

Overall Takeaway:^SPCDNX shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary

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

Bearish Signals

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

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:S&P/TSX Venture 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.