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Sorry, it is not possible to display a tooltip for stripline labels as of now. However, as a workaround, you can position the stripline label to the center of the plot area using the labelAlign property and add a scatter point for displaying the tooltip content. Please take a look at the code snippet below:

chart.addTo("data", {
    type: "scatter",
    markerSize: 0,
    highlightEnabled: false,
    toolTipContent: "Content to be displayed on hover",
    dataPoints: [{
      x: (chart.axisX[0].viewportMaximum + chart.axisX[0].viewportMinimum) / 2 , 
      y: chart.axisY[0].stripLines[0].value

Please check this JSFiddle for a working example.

Tooltip for stripline labels

Thangaraj Raman
Team CanvasJS