Category: Daily Stock Report

In our October 17th, 2024 report, we flagged ELF Beauty’s stock after the SIA system detected a decline in relative strength, triggering a relative strength warning signal at $180. By October 2024, the stock dropped over 40%, breaching key support levels and facing strong resistance at both $121 and $134. Fast forward to today, and shares have slipped another -41.08%, approaching new support at $68.56. Despite this, ELF’s SMAX score remains at 0, indicating continued underperformance against other asset classes and highlighting the risks for shareholders.

Bank stocks have shown strong performance, especially in the latter half of 2024 and early 2025, driven by lower interest rates globally. However, despite this sector-wide strength, Bank of Nova Scotia (BNS.TO) has underperformed compared to its peers. This analysis reviews the technical indicators and relative performance of BNS.TO, highlighting support levels and the stock’s position within the broader market trends.

The SIA platform’s strength comes from its ability to process vast amounts of data, far beyond the capacity of the human brain, to dynamically rank stocks like Williams Companies (WMB) based on relative strength. By leveraging advanced analytics, the platform identifies stocks showing strong momentum—such as WMB, which has surged alongside the natural gas boom—giving elite investment advisors critical insights that would be difficult to uncover through traditional methods.

Johnson & Johnson (JNJ) has been a relative underperformer within the Drug sector, which is currently one of the weakest sectors in the SIA matrix, showing low relative strength. With the sector’s continued weakness, JNJ shares may complete a quadruple bottom sell signal if they slip below $139.39, while resistance remains tight at higher levels around $163 and $169.

In today’s analysis of the SIA S&P 100 Index Report, we highlight the top relative strength decliners, with notable names like Nvidia, General Motors, PayPal, Tesla, and Apple showing signs of weakening momentum. While some of these companies were key drivers of the 2024 market rally, recent trends suggest that money flows may be shifting away, signaling potential challenges for these holdings. PayPal, in particular, has seen a sharp decline in 2025, despite strong performance last year, and may now be testing critical support levels.

Magna International Inc. (MG.TO) continues to face significant pressure, with a -27.09% return over the past year and a poor relative strength reading, placing it deep in the SIA Unfavored zone. Despite this, key levels to watch include the $49.68 support and $66.58 resistance, which could indicate a potential breakout in either direction. The shares are also showing clear support around the 50% level on the SIA monthly candlestick chart, with the negative trend line further highlighting the narrowing wedge in price action.

First Quantum Minerals (FM.TO) has been underperforming in the SIA S&P/TSX 60 Index, moving from the Neutral zone back into the Unfavored zone. Despite a rally in copper prices late in 2024, FM.TO has struggled to maintain momentum, with current support at $17.33 and resistance at $20.31. For those seeking exposure to the Metals and Mining sector, the report highlights stronger relative performance in gold and silver stocks, while coal, copper, and uranium stocks are lagging behind.

Today’s report highlights Campbell Soup Company (CPB) to illustrate the importance of maintaining high relative strength positions within portfolios, both at the sector and stock level. CPB is situated in the underperforming Food and Beverage sector, where many stocks exhibit weak relative strength. We’ll review CPB’s performance compared to the broader market, identify its current position within the SIA matrix, and highlight the opportunity cost of holding such underperforming stocks.

On November 19th, 2024, we highlighted Nvidia Corp. (NVDA) in the SIA Daily Stock Report, noting that the semiconductor sector had lost its relative strength. Despite some technical strength in Nvidia, the SIA platform identified poor risk/reward parameters, indicating elevated risk. Since then, Nvidia has struggled to break resistance and has fallen below key support levels, with both the sector and NVDA shares showing negative momentum and very little support beneath current levels.

February has started with uncertainty in the markets following the White House’s announcement of a 25% tariff on Canadian imports. Amid this volatility, IAMGOLD Corp. has emerged as a strong performer, posting significant returns and standing out in the SIA Metals and Mining Sector Report, making it a potential opportunity for investors seeking exposure to the gold sub-sector.