S&p/tsx Composite Index Index Forecast

Buy or Hold candidate since Jun 08, 2026 Gain 1.89%

The S&p/tsx Composite Index index price fell by -0.761% on the last day (Wednesday, 17th Jun 2026) from 35,391.23 points to 35,121.75 points. During the last trading day the index fluctuated 1.56% from a day low at 35,081.65 points to a day high of 35,629.89 points. The price has risen in 6 of the last 10 days and is up by 0.92% over the past 2 weeks. Volume has increased on the last day by 27 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 207 million shares were bought and sold for approximately 7.25 points trillion.

The index lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the index is expected to rise 8.59% during the next 3 months and, with a 90% probability hold a price between 36,919.96 points and 38,480.32 points at the end of this 3-month period.

^GSPTSE Signals & Forecast

There are mixed signals in the index today. A sell signal was issued from a pivot top point on Tuesday, June 16, 2026, and so far it has fallen -0.761%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the index should be followed more closely. The S&p/tsx Composite Index index holds buy signals from both short and long-term Moving Averages giving a positive forecast for the index. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 34,849.22 points and 34,385.02 points. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for S&p/tsx Composite Index index

On the downside, the index finds support just below today's level from accumulated volume at 32,958.04 points and 31,853.82 points. There is a natural risk involved when a index is testing a support level, since if this is broken, the index then may fall to the next support level. In this case, S&p/tsx Composite Index finds support just below today's level at 32,958.04 points. If this is broken, then the next support from accumulated volume will be at 31,853.82 points and 31,284.13 points.

In general the index tends to have very controlled movements and with good liquidity the risk is considered very low in this index. During the last day, the index moved 548.24 points between high and low, or 1.56%. For the last week the index has had daily average volatility of 1.10%.

Our recommended stop-loss: 34,015.65 points (-3.15%) (This index has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (^GSPTSE) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect S&p/tsx Composite Index to open at 35,277.76 points, and during the day (based on 14 day Average True Range), to move between 34,909.97 points and 35,333.53 points, which gives a possible trading interval of +/-423.56 points (+/-1.21%) up or down from last closing price. If S&p/tsx Composite Index takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 35,173.86 points (0.15%) than the support at 32,958.04 points (6.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is S&p/tsx Composite Index index A Buy?

S&p/tsx Composite Index holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this index since the last evaluation from a Strong Buy to a Hold candidate.

Current score: 0.767 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 18, 2026 - 35,277.76 points ( 0.444%).

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