The S&P/TSX Composite Index is trading above the 50-period SMA, 2 TSX-listed stocks to consider at the current levels- TRI and NEXM
May 19, 2026
TRI:TSX
Investment Type
Large-cap
Risk Level
Action
Rec. Price (CA$)
NEXM:TSX-V
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
Company Overview: Thomson Reuters Corporation (TSX: TRI) provides trusted AI-powered technology and information solutions designed for professionals engaged in high-stakes work. The company serves customers across legal, tax, audit, accounting, compliance, government, and media, offering products that combine specialized software, authoritative content, and deep domain expertise to support critical business decisions and workflows. NexMetals Mining Corp. (TSXV: NEXM) is a mineral exploration and development company listed on the TSX Venture Exchange and NASDAQ. The company is focused on redeveloping the past-producing Selebi Mine and Selkirk Mine, which host copper, nickel, cobalt, and platinum group element (PGE) mineralization in Botswana. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.
Canada Market Round-Up
S&P/TSX Composite Index ended the week of May 15, 2026, on a weaker note, falling 244.41 points, or 0.72%, to close at 33,833.35, as renewed selling pressure weighed on investor sentiment. Strength in the technology, energy, and industrial sectors helped cushion the decline, while weakness across basic materials, healthcare, financials, real estate, consumer, and utilities sectors limited overall market performance. From a technical perspective, the outlook remains constructive, with the index continuing to trade above its rising trendline support and 21-day Simple Moving Average (SMA), reinforcing the prevailing uptrend. Immediate resistance is located near the 34,500 level, and a sustained breakout above this zone could pave the way for further upside momentum. On the downside, initial support is seen around 33,200. The weekly Relative Strength Index (RSI) at 60.50 indicates solid bullish momentum while still leaving room for additional gains.
On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA CPI m/m, US Philly Fed Manufacturing Index and US Unemployment Claims.
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