AtkinsRealis Group Inc. (ATRL.TO) - June 30, 2025

In today’s edition of the Daily Stock Report, we are going to highlight AtkinsRealis Group Inc. (ATRL.TO). In looking at the Relative Strength Matrix Position Chart, we see the SIA Platform issued a Green Favorable Rating on October 16, 2024, in the SIA S&P/TSX Composite Index Report when the shares were at $63.63. The shares did fall back to the Yellow Neutral Zone earlier this year in the March/April time frame when the overall markets were experiencing the “jitters”. Importantly, the shares did not re-enter the Red Unfavored Zone, and did fight their way back into the Favored Zone once again on May 7th.

Since the time of their initial entry into the Favored Zone in October, the shares now have a closing price of $93.86 which represents a price increase of 47% in a little over 8 months. Currently, the shares reside in the #5 spot of the favored zone of the SIA S&P/TSX Composite Index Report. This highlights the power SIA’s methodology of finding and staying with the winners which exhibit strong relative strength instead of relying on emotional attachments to names.

In looking at the candlestick chart we see the shares form a nice 6-month basing pattern in the July 2022 to January 2023 time frame in the $22 area. Then a steady pattern of higher highs and higher lows formed until January of this year. A brief but rather sharp correction ensued; however, the shares ultimately found support at the $60 level in April coinciding with the peak in June of 2024; confirming the common practice that a prior resistance point can act as a support level. Presently, we see another upleg materialize when the shares broke above its prior resistance level at just above the $80 area. With such a strong move, it may be reasonable to consider another pause may to forthcoming for the shares to digest their gains once again. Ultimately, the near-term resistance point looks to be the psychological and round number of $100. Support can be found at the low $80 area where once again prior resistance can act as new support.

Let’s dive in and see what the Point and Figure Chart looks like today. Point and figure charting excels in trend identification by offering a clear view of price movements and trend reversals. While focusing in on the most recent price action of the chart, we see a couple of “bear traps” where a column of O’s form, closing one box lower than the prior column of O’s, in March and April of this year. This was followed in May by a very strong column 21 X’s without even a 3-box reversal. With such a strong move, resistance may be coming at $101.55 based on a measured move and proximity to the $100 round number. To the downside, support is at the 3-box reversal of $86.67 and, below that, $83.31 representing the Polarity Principal where prior resistance now acts as new support.

With a SMAX score of a perfect 10 out of 10, ATRL.TO is exhibiting strong near-term strength against the asset classes and is exhibiting a bullish spread double top pattern alongside a positive sector backdrop as the Construction Area is rated as a favored sector within the SIA Stock Sectors report.

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital.