S&p/tsx Composite Index Index Forecast

Buy or Hold candidate since Jun 08, 2026 Gain 1.43%

The S&p/tsx Composite Index index price fell by -0.83% on the last day (Monday, 20th Jul 2026) from 35,256.75 points to 34,962.72 points. It has now fallen 3 days in a row. During the last trading day the index fluctuated 1.20% from a day low at 34,960.39 points to a day high of 35,378.34 points. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume fell on the last day along with the index, which is actually a good sign as volume should follow the index. On the last day, the trading volume fell by -36 million shares and in total, 115 million shares were bought and sold for approximately 4.02 points trillion.

The index lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34,861.44 points is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the index is expected to rise 5.07% during the next 3 months and, with a 90% probability hold a price between 36,630.31 points and 37,300.38 points at the end of this 3-month period.

^GSPTSE Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The S&p/tsx Composite Index index holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the index. On corrections up, there will be some resistance from the lines at 35,264.90 points and 34,984.50 points. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 15, 2026, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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

S&p/tsx Composite Index finds support from accumulated volume at 34,935.80 points and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 417.95 points between high and low, or 1.20%. For the last week the index has had daily average volatility of 0.85%.

Our recommended stop-loss: 33,432.98 points (-4.38%) (This index has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (^GSPTSE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect S&p/tsx Composite Index to open at 35,100.48 points, and during the day (based on 14 day Average True Range), to move between 34,791.70 points and 35,133.74 points, which gives a possible trading interval of +/-342.03 points (+/-0.98%) 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 0.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 34,935.80 points (0.08%) than the resistance at 35,200.50 points (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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

S&p/tsx Composite Index holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Buy to a Hold candidate.

Current score: -0.455 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on July 21, 2026 - 35,100.48 points ( 0.394%).

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