TSX Composite Index (GSPTSE.CA)

Close: 21 885.00 (+11.66), Apr 25, 2024
Positive

Low risk

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 Positive
chart TSX Composite Index (GSPTSE) Long term
Long term: Hold
chart TSX Composite Index (GSPTSE)
RSI - Relative Strength Index

Short term

TSX Composite Index is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 21640 and resistance at points 22360. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 56)

Medium term

TSX Composite Index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 20660 and resistance at points 22350. The index is assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 44)

Long term

TSX Composite Index has broken up from an approximate horizontal trend channel in the long term after investors have paid ever more. A positive signal has been triggered and further increase for the index is indicated. The index has marginally broken down through support at points 22100. An established break predicts a further decline. The index is assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: 0)


Overall analysis

TSX Composite Index is technically positive for the short and medium term, and neutral for the long term.

Recommendation one to six months: Positive (Score: 52)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.58%0.00+0.05%
5 days0.001.96%0.00+0.82%
22 days0.005.00%0.00-0.26%
66 days0.008.39%0.00+4.59%
 


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.


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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