Canada Stock Market Index (S&P/TSX Composite)

The overall recommendation is Buy based on technical indicators and moving averages. The price is really close to or below the lower band which means it's oversold. An RSI between 30 and 70 is pretty normal, showing a neutral rating. The MACD line is below the signal line pointing to a bearish trend. The 10-day EMA is above the 20-day EMA which suggests short-term strength. The current price is above the 50-day SMA which is a sign of medium-term strength. The 50-day SMA is above the 200-day SMA, supporting a longer-term positive trend. The ATR is 316.80 which gives a sense of the current price volatility.

BMO Capital Markets forecasts the S&P/TSX Composite Index to reach 28,500 by the end of 2025, an increase of approximately 15%. Purpose Investments anticipates the benchmark index could reach 28,000 in 2025, driven by rising corporate earnings and lower interest rates. Edward Jones expects the TSX to see healthy profit growth in 2025, potentially leading to another year of strong performance. Morgan Stanley anticipates a rebound in 2025 on the back of interest rate cuts.