Morgan Stanley (MS) recently re-entered the Favored Zone of the SIA S&P 100 Index report on May 12th at a price of $127.06. The shares are showing strong relative strength moves up the SIA S&P 100 report gaining, 1 spot in the last month and 32 spots in the last quarter exemplify the consistent money flow increases in the shares over the past little while.
Applovin (APP) showed long-term strength but is now signaling weakening momentum. Capital often shifts within sectors when leaders underperform, potentially moving to newer opportunities like Unity Software (U). Unity’s Vs. SMAX score of 6 out of 10 suggests growing relative strength. Its stock is trending higher, breaking $25 to $26 with strong sector support and a perfect SMAX score of 10. SIA’s 60,000-foot view of APP versus Unity highlights a possible rotation of leadership in ad tech. This technical picture might be suggesting a market shift.
In today’s edition of the Daily Stock Report, we are going to examine TC Energy Corp (TRP.TO). TRP.TO recently entered the Red Unfavored Zone in the SIA S&P/TSX Composite Index Report on June 13, 2025. The shares have faced significant underperformance, with a -3.11% decline over the past month, -0.36% in the quarter, and –0.83% year-to-date.
Trane Technologies (TT) ranks #14 in the SIA Industrials Sector Report, highlighting its strong technical position within the sector. The stock has recently regained its favored status, signaling renewed momentum after a brief period of consolidation. With sustained strength in its long-term trend and improving relative performance, TT is reasserting itself as a technical leader among industrial equities.
Cenovus Energy (CVE.TO) has continued to deteriorate since our December 2024 note, falling as much as -27% from its December report level and currently sitting -8.49% below that point, having rallied off support at $15.02. The stock remains deep in the unfavored zone of the SIA S&P/TSX 60 Index at position #50, with three years of point-and-figure technical resistance still hovering above.
In today’s edition of the Daily Stock Report, we are going to take a look at Enghouse Systems Ltd (ENGH.TO). Enghouse fell to the red zone in the SIA S&P/TSX Composite Index Report back on March 10, 2023, at a price of $32.77. As we see in the relative strength matrix position chart, ENGH.TO has further fallen to the red unfavored zone and still resides there today. As of yesterday’s close, the shares are at $23.80 which represents a 37% drop since March 10, 2023. This is another great example of staying away from investments in the red unfavored zone.
Manulife Financial Corp. (MFC.TO) has been a standout performer within the SIA Hypothetical Canadian 5 Stock model, contributing 38% to the portfolio’s return from this position alone. The model itself is up 23.47% year-to-date and carries a 14.15% compound annual growth rate since its launch on February 2, 2007. However, recent developments in both the stock’s relative strength and sector ranking are signaling a potential shift. With MFC.TO now entering the neutral zone of the SIA S&P/TSX 60 Index Report and the Insurance sector losing favored status, the data might be highlighting an early-stage transition that demands close attention.
In today’s edition of the Daily Stock Report, we are going to examine Pembina Pipeline Corp (PPL.TO). PPL.TO recently entered the Red Unfavored Zone in the SIA S&P/TSX Composite Index Report on May 12, 2025. The shares have faced significant underperformance, with a -0.52% decline over the past month, -2.74% in the quarter, and –1.96% year-to-date.
Fabrinet, a global precision manufacturing provider, has entered the Favored zone of the SIA MidCap 400 Index, climbing 313 spots to rank 12th. The stock is up 34.01% year-to-date and 70.76% this quarter, breaking resistance at $240 and $270. Point and figure vertical count analysis shows a spread double top with continued movement in a column of Xs.
Today, we are going to highlight Ivanhoe Mines Ltd (IVN.TO). The SIA Platform issued a Red Unfavored signal back on January 8, 2025, at a price of $16.92. The earlier signal of a Neutral Zone with a negative SMAX occurred on November 13, 2024, at a price of $17.53. Since then, the shares have continued to weaken further and remain heavily entrenched at the bottom of the Red Unfavored Zone with a closing price at $10.23. The current price represents a 65% drop since the red unfavored rating, and a 71% drop since the earlier Neutral Zone with Red SMAX rating. This example highlights the logic behind staying away from investments which are not exhibiting any relative strength.
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