RY 169.88 -1.0542% SHOP 144.59 -0.959% TD 77.85 -0.1667% ENB 59.62 -0.5505% BN 78.53 -0.971% TRI 223.92 -0.2495% CNQ 47.03 -0.0213% CP 102.49 -0.5627% CNR 147.77 -0.8787% BMO 131.32 -0.0685% BNS 78.4 0.0255% CSU 4463.7002 0.6222% CM 90.42 0.6344% MFC 44.91 -1.3184% ATD 77.0 -0.7604% NGT 60.01 -0.4149% TRP 68.0 -2.2989% SU 56.965 -0.4282% WCN 260.14 -0.653% L 176.45 0.7135%

CA Technical Analysis Report

The S&P/TSX Composite index edged higher, One TSX-listed stock to consider at the current levels- GOOS

Sep 03, 2024

GOOS:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Company Overview: Canada Goose Holdings Inc. (TSX: GOOS) is a leading Canadian company specializing in the design, manufacture, distribution, and retail of high-end outerwear. Known for its premium quality and performance in extreme weather conditions, the company offers a diverse range of products for men, women, and children. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock. 

Canada Market Round-Up

The benchmark S&P/TSX Composite Index (TSX: ^TSX) started last week on a positive note and maintained a bullish momentum for the entire week. The S&P/TSX composite index gained by 60.10 points (0.26%) to 23346.18 for the week ending August 30, 2024. Consumer cyclicals, technology, real estate, financials, healthcare, industrials, utilities, consumer non-cyclicals, and basic materials were the leading sectors, while energy was only the lagging sector on Friday. As per the data published by Statistics Canada,  Canadian real gross domestic product (GDP) increased by 0.5% in the second quarter. The weekly chart indicates that the index prices are trading above the horizontal trendline support zone. Moreover, prices are sustaining above the 21-period, which may act as a support level for the index. The immediate resistance for the index is around 23860, while the immediate support exists at 22750. On the weekly time frame, RSI is reading at ~68.32 levels.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA BOC Rate Statement, US Non-Farm Employment Change and US Unemployment Claims.

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