3 TSX Stocks: Cross-Sector Momentum Shifts
Momentum shifted for three key TSX stocks on July 13th, with Fairfax Financial turning strongly bullish and Brookfield Corp. moving bearish.
- Visit the stock pages: FFH, BN, SAP
- Sector CA FINANCIALS , which ranks #1 for Relative Strength (Altra Sector score of 100.0 with bullish regime.)
The Canadian market is currently navigating a period of improving breadth, with the Altra Market score standing at 68.0. This score, which reflects the percentage of stocks trading above key Exponential Moving Averages (EMAs), suggests a generally constructive environment, as 68.33% of stocks are above their 20-day EMA, 70.0% above their 50-day, and 68.33% above their 200-day. The market detail indicates a call to "Be selective — favor high-quality setups," a message underscored by the diverse momentum shifts observed in individual TSX names on July 13th. While the overall market sentiment points to improvement, a closer look at specific stocks reveals significant divergences, particularly in the Financials and Consumer Staples sectors. This highlights the importance of multi-timeframe momentum analysis in identifying nuanced shifts.
Fairfax Financial Holdings Limited (FFH)
Fairfax Financial Holdings Limited experienced a notable momentum surge, with its Altra Score climbing from 56.3 (Neutral) to 88.0 (Strong Bullish) on July 13th. The Altra Score provides a comprehensive 0-100 momentum reading for a stock, derived from the alignment of its EMAs and the trend of its Relative Strength Index (RSI) across daily, weekly, and monthly timeframes. A higher score, like FFH's 88.0, indicates increasingly bullish momentum across these timeframes. The stock’s EMAs are currently placed above key moving averages, reinforcing this upward trend. Adding to the bullish technical picture, FFH registered a bullish Weekly EMA Crossover on the same day, a pattern that often precedes continued upward movement. Furthermore, the stock is considered top-down aligned, suggesting a consistent bullish trend across different analytical lenses.
This strong individual performance comes as FFH resides within the CA Financials sector, which boasts an Altra Sector score of 100.0, ranking it first among its peers and indicating a bullish sector-wide momentum. The Altra Sector score evaluates momentum at the sector level, also providing a relative-strength rank against other sectors. CA Financials is identified as a “Confirmed leader, holding steady,” supported by a robust 4-week relative strength trend of +6.23, an EMA spread of 7.49, and a relative strength RSI of 77.5. Fairfax Financial's individual strength appears to be benefiting from, and contributing to, its sector's strong momentum.
Brookfield Corporation (BN)
In stark contrast to Fairfax, Brookfield Corporation saw its Altra Score plummet from 84.4 (Strong Bullish) to 37.6 (Bearish) on July 13th, despite also belonging to the top-ranked CA Financials sector. This sharp reversal underscores that even within a leading sector, individual constituents can experience significant divergences in momentum. Brookfield's technical indicators now show its EMAs are placed below key moving averages, signaling a shift in its short-to-medium term trend. Furthermore, BN is not currently top-down aligned, suggesting a lack of cohesive bullish momentum across different timeframes. While the stock did experience a bullish Weekly EMA Crossover earlier on May 8th, 2026, the recent Altra Score decline indicates that the positive momentum from that crossover has dissipated. The daily RSI for BN is 47.34, while its weekly and monthly RSIs are 50.05 and 55.46 respectively, reflecting a weakening trend, particularly on shorter timeframes.
This divergence from its sector's strong momentum (CA Financials, rank 1, bullish) serves as a critical reminder for investors to assess individual stock health in addition to broader sector trends. While the sector's
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.