RSI low/high Values: [ 20 - 75 ]
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AI Analysis of X.TO
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TMX Group Ltd. stock price up 0.552% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 3.49% PDF

The TMX Group Ltd. stock price gained 0.552% on the last trading day (Wednesday, 27th Mar 2024), rising from $36.25 to $36.45. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.13% from a day low at $36.21 to a day high of $36.62. The price has risen in 6 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 333 thousand shares were bought and sold for approximately $12.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.43% during the next 3 months and, with a 90% probability hold a price between $37.71 and $40.49 at the end of this 3-month period.

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X.TO Signals & Forecast

The TMX Group Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. 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 $34.78 and $34.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 8.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for TMX Group Ltd. stock

TMX Group Ltd. finds support from accumulated volume at $36.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.410 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: $35.29 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (X.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect TMX Group Ltd. to open at $36.43, and during the day (based on 14 day Average True Range), to move between $35.73 and $37.17, which gives a possible trading interval of +/-$0.719 (+/-1.97%) up or down from last closing price. If TMX Group Ltd. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.25, some $0.200 (0.55%) from the current price of $36.45, our system finds the risk reward attractive.

Is TMX Group Ltd. stock A Buy?

TMX Group Ltd. 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TMX Group Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$36.43 ( 0.0640%) $36.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for X.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.84 1.06 %
R2 36.68 0.631 %
R1 36.58 0.366 %
Current price: 36.45
Support S1 36.27 -0.494 %
S2 36.17 -0.759 %
S3 36.02 -1.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 36.45
Support S1 36.25 -0.549%
S2 35.60 -2.33%
S3 33.70 -7.54%

X Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Feb 22, 2024 Mar 08, 2024 $0.180 0.523%
2 Oct 30, 2023 Nov 16, 2023 Dec 01, 2023 $0.180 0.604%
3 Aug 10, 2023 Aug 10, 2023 Aug 25, 2023 $0.180 0.610%
4 May 18, 2023 May 18, 2023 Jun 02, 2023 $0.174 0.587%
5 Feb 23, 2023 Feb 23, 2023 Mar 10, 2023 $0.87 3.28%

FAQ

What is the symbol for TMX Group Ltd. Stock and on which exchange is it traded?
The symbol for TMX Group Ltd. is X.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell TMX Group Ltd. Stock?
TMX Group Ltd. 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.

How to buy TMX Group Ltd. Stock?
TMX Group Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TMX Group Ltd. Stock.

What's the current price of TMX Group Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an TMX Group Ltd. (X.TO) share was $36.45.

What is the 52-week high and low for TMX Group Ltd. Stock?
The 52-week high for TMX Group Ltd. Stock is $150.03 and the 52-week low is $28.32.

What is the market capitalization of TMX Group Ltd. Stock?
As of the 2024-03-27, the market capitalization of TMX Group Ltd. is 10.083B.

When is the next earnings date for TMX Group Ltd.?
The upcoming earnings date for TMX Group Ltd. is Apr 29, 2024.
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About TMX Group Ltd.

TMX Group Ltd. TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment delivers equities and index data, as well as integrated data sets for the proprietary... X.TO Profile

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