TSX: Three Stocks See Notable Momentum Realignments
Brookfield Asset Management and First Quantum Minerals shifted bullish, while Fairfax Financial moved to neutral on the TSX.
- Visit the stock pages: BAM, FM, FFH
- Sector CA FINANCIALS , which ranks #1 for Relative Strength (Altra Sector score of 100.0 with bullish regime.)
The TSX is currently experiencing an "Improving" Altra Market score of 61.4, indicating a market where breadth is expanding, albeit selectively. With 58.33% of stocks above their 20-day Exponential Moving Average (EMA), 65.0% above their 50-day, and 66.67% above their 200-day, the underlying texture suggests opportunities for high-quality setups. Over the last 15 days, the market's momentum, as measured by the Altra Score, has trended upward by 4.7 points. The Altra Score provides a 0-100 momentum reading for individual stocks, synthesizing signals from EMA alignment and Relative Strength Index (RSI) trends across daily, weekly, and monthly timeframes, with higher scores indicating stronger bullish momentum. The Altra Market score, similarly, tracks market breadth by assessing the percentage of stocks above key EMAs, offering a read on overall market texture. Sector-specific momentum is tracked by the Altra Sector score, which also ranks sectors by their relative strength within the market. This week, we observe a divergence in momentum within the TSX, with prominent shifts in both the CA Financials and CA Materials sectors.
Brookfield Asset Management Ltd. (BAM)
BAM's Altra Score saw a significant shift on July 14, 2026, moving from 54.5 (Neutral) to 71.5 (Bullish). This positive momentum realignment places BAM firmly in the bullish category, reflecting strengthening technical underpinnings. The stock's EMAs are currently positioned above key levels, and its "top_down_aligned" status confirms a strong multi-timeframe bullish alignment. The Relative Strength Index (RSI) readings for BAM are balanced, with the daily at 55.61 and weekly at 50.51, suggesting that while momentum is building, it is not yet in overbought territory. This move occurs within a particularly strong sector context: CA Financials, which holds an Altra Sector score of 100.0 and is ranked #1. This sector is identified as a "Confirmed leader, holding steady," with its relative strength trending up by 6.23% over four weeks and a robust RS RSI of 77.5. BAM's shift to bullish momentum within a leading sector highlights potential for continued strength, aligning with the market's call to favor high-quality setups.
First Quantum Minerals Ltd. (FM)
First Quantum Minerals (FM) exhibited a dramatic reversal on July 14, 2026, with its Altra Score surging from 21.3 (Bearish) to 65.7 (Bullish). This substantial leap signifies a notable change in its momentum profile. Despite this strong individual stock performance, FM's sector, CA Materials, presents a contrasting picture. The CA Materials sector currently holds an Altra Sector score of 25.0, ranking it 6th and classifying it as "bearish." Its regime detail indicates a "Lagging, momentum weakening further" trend, evidenced by a -6.19% 4-week relative strength trend and a low RS RSI of 39.6. FM's daily RSI is near neutral at 49.45, with its weekly at 53.37, while its monthly RSI at 66.51 is showing stronger underlying momentum. The stock's EMAs are above key levels, which supports the bullish score. However, it's important to note that its "top_down_aligned" status is False, indicating that while individual price action is strong, the full multi-timeframe EMA alignment for sustained bullishness is not yet in place. This scenario underscores that even within a challenging sector, individual stocks can demonstrate significant momentum shifts, warranting a closer look at their specific technical structures.
Fairfax Financial Holdings Limited (FFH)
Fairfax Financial Holdings (FFH) experienced a notable downward shift in its momentum on July 14, 2026, as its Altra Score declined from a "Strong Bullish" 88.0 to a "Neutral" 46.0. This move indicates a cooling of its previously robust momentum. Like BAM, FFH operates within the CA Financials sector, which remains the top-ranked sector with a 100.0 Altra Sector score, identified as a "Confirmed leader, holding steady." This divergence between FFH's individual momentum and its sector's strength is significant. The stock's EMAs are now positioned below key levels, which explains the shift to neutral, and its "top_down_aligned" status is False, further confirming a lack of comprehensive bullish alignment across timeframes. A recent bullish Weekly EMA Crossover occurred on July 13, 2026, but this event, despite its potential significance, did not prevent the overall Altra Score from declining to neutral, suggesting other momentum factors, likely from daily or monthly trends, outweighed this signal. FFH's RSI readings are all in the mid-range (daily 49.26, weekly 50.45, monthly 53.16), indicating balanced, rather than strong, momentum. This example illustrates that even market leaders can see individual constituents experience momentum adjustments, and a strong sector tide doesn't necessarily lift all boats uniformly.
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.