Nutrien Ltd. (NTR.TO) has moved from the unfavored red zone into the neutral zone within the SIA S&P/TSX Composite Index Report, signaling potential stabilization following a prolonged downtrend. SIA’s relative strength rankings identified its weakness early, with an unfavored signal in November 2022 at $97.93, and have since tracked its attempted recovery from a September low of $60.74. The Point and Figure (P&F) chart now indicates a potential rally, with a rising column of X’s and key support at $67.75, while a break above $77.00 resistance may suggest a shift in trend. With a SMAX score of 8 out of 10, Nutrien is exhibiting short-term strength across asset classes, warranting ongoing observation for potential entry into the favored zone.