TSX Composite Index (GSPTSE.CA)

Close: 20 403.00 (-59.27), Sep 24, 2021
Weak Negative

Low risk

Automatic technical analysis. Medium term, Sep 24, 2021

TSX Composite Index has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has marginally broken down through support at points 20600. An established break predicts a further decline. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -29)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.91%0.00-0.29%
5 days0.002.81%0.00-0.43%
22 days0.006.58%0.00-0.71%
66 days0.0012.24%0.00+1.22%

More analyses of TSX Composite Index

chart TSX Composite Index (GSPTSE) Candlesticks 22 Days
Candlesticks
chart TSX Composite Index (GSPTSE) Short term
Short term: Positive
chart TSX Composite Index (GSPTSE) Medium term
Medium term: Weak Negative
chart TSX Composite Index (GSPTSE) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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