The S&P/TSX Composite Index is trading above the 50-period SMA, 2 TSX-listed stocks to consider at the current levels- VET and HIVE
Aug 18, 2026
VET:TSX
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (CA$)
HIVE:TSX-V
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
Company Overview: Vermilion Energy Inc. (TSX: VET) is a global energy producer focused on creating value through the acquisition, exploration, and development of liquids-rich natural gas assets in Canada and conventional natural gas operations in Europe, while also optimizing its portfolio of low-decline oil assets. HIVE Digital Technologies Ltd. (TSX: HIVE) is a leading digital infrastructure company focused on operating next-generation data centres powered by renewable energy. The company operates Tier-I and Tier-III facilities across Canada, Sweden, and Paraguay, supporting both cryptocurrency mining operations and high-performance computing (HPC) clients. 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
The S&P/TSX Composite Index ended the week on August 14, 2026, on a positive note, gaining 349.04 points (0.96%) to close at 36,730.27. The broader technical outlook remains constructive, with the index continuing to trade comfortably above its rising trendline and 50-day Simple Moving Average (SMA), both of which are acting as key dynamic support levels and reinforcing the prevailing medium-term bullish trend. Momentum indicators remain supportive, with the weekly 14-period Relative Strength Index (RSI) at 71.05, signalling sustained buying momentum while leaving scope for further upside despite approaching overbought territory. Looking ahead, immediate resistance is positioned near 37,401.28, and a decisive breakout above this level could strengthen bullish sentiment and pave the way for further gains. On the downside, immediate support is placed around 35,934.56, where buyers may continue to emerge during pullbacks. However, a sustained break below this support could weaken the current technical structure and increase the likelihood of a deeper correction or prolonged consolidation. Overall, the medium-term outlook remains positive as long as the index holds above its key support levels, rising trendline, and 50-day SMA.
On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Housing Starts, US FOMC Meeting Minutes and US Unemployment Claims.
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