Category: Daily Stock Report

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.

Progressive (PGR) remains a leader in the insurance sector. Demonstrating strength in both absolute returns and technical performance, the stock has shown resilience amid market fluctuations. PGR has a perfect SIA SMAX score of 10 and it currently holds the #1 spot in the SIA S&P 500 index report, maintaining a favored ranking for the past year. As investors seek data-driven insights, SIACharts provides the tools to navigate market trends with confidence.

In today’s Daily Stock Report, we highlight Loblaw Companies (L.TO), which has shown notable strength amid market uncertainty, moving into the Favored Zone of SIA’s S&P/TSX 60 Index Report in January 2024 at $129.82 and gaining 44% since. As defensive sectors attract capital, the SIA Platform identified this trend early, reinforcing its power to provide timely, actionable insights ahead of market shifts. Even during recent volatility, Loblaw’s +5.38% one-month return significantly outperformed the S&P/TSX 60’s -3.75% decline, highlighting its resilience. Technical analysis, including Candlestick and Point & Figure charts, confirms a strong uptrend, with support near $175.00 and potential resistance at $200.00. With a SMAX score of 7/10, Loblaw continues to demonstrate broad-based strength, showcasing the value of SIA’s methodology in identifying opportunities before they become widely recognized.

This quick technical analysis examines Goeasy (GSY.TO), focusing on its recent decline in both absolute and relative terms. With shares down 15.45% YTD, we highlight key support levels and the stock’s negative SMAX score, indicating a lack of relative strength in the market.

In today’s volatile market, the need for a defensive strategy has never been more critical. With cash now topping the SIA asset ranks and sector rotations signaling a flight to safety, identifying high-yield, high-relative strength opportunities could be essential. South Bow Corporation (SOBO.TO) may stand out as a prime example, boasting a strong 89.58% SIA Rank, a 7.91% dividend, and consistent performance in the favored zone of the SIA Combined Dividend report. As market uncertainty continues, positions like SOBO.TO may offer a solid foundation for a defensive portfolio. Please don’t forget to throw your colleagues a fish with South Bow, or even better, refer them to one of the SIA account managers and let’s teach them how to fish.

Shares of Gold Fields Ltd. (GFI) are potentially breaking out after 20 years of resistance, with the stock challenging the key level at $18.85, which has historically been a point of resistance. A successful move above this level could indicate a significant shift in the stock’s long-term trend.

Today, we continue building on our Daily Stock Report by examining two important data sets, focusing on the recent developments within the SIA platform. This week, we highlight the shift in the SIA Asset Class Rank, with CAD Equity now in the #1 position, surpassing U.S. Equity. We also dive deeper into the Insurance sector, where we identify opportunities, including Power Corp. (POW.TO), which may be showing strong SIA technical attributes. Through several charts, we’ll explore the growing strength of POW.TO and its potential moving forward.

In today’s analysis, we build upon the previous exploration of the SIA Sector Scope methodology by diving deeper into the SIA Insurance sector report. Instead of simply selecting the top performer, we focus on identifying stocks that are rising through the ranks, using Erie Indemnity Company (ERIE) as a case study. This examination highlights how to apply technical analysis and SIA rankings to uncover potential emerging leaders in the market.

Microsoft Corp. (MSFT) has experienced a significant relative strength decline, now sinking to its lowest position within the SIA S&P 100 Index since January 2023. As its share price falters, the focus shifts to its relative underperformance, raising concerns for SIA practitioners who rely on comparative analysis to aid in portfolio outperformance. This decline may signal a critical turning point for MSFT, requiring close attention to key technical levels and market signals.

NVDA, the big winner in 2024, has struggled at the start of 2025, with both its shares and sector turning negative on SIA relative strength rankings. The attached charts reveal a pullback in strength, with the point and figure chart indicating potential support at current levels but showing resistance near $125.59, and a broader support zone between $103.02 and $97.08. Sellers appear to be gaining control, as recent sell-offs have been followed by limited recoveries.