Category: Daily Stock Report

Wheaton Precious Metals Corp. (WPM.TO) reached a high of $94.84 in January 2024, but selling pressure has since pushed it into the neutral zone of the SIA S&P/TSX Composite Index Report. The SIA S&P/TSX Global Gold Index chart shows resistance from 2010 and declining volume, indicating that supply may be gaining control. The SIA SMAX score of 5 and the sector’s weak relative strength further support this shift. Advisors may want to monitor these technical indicators for insights into Wheaton’s potential outlook for 2025.

In June 2024, AtkinsRealis Group Inc. (ATRL.TO) was highlighted in the Daily Stock Report after being detected as a relative strength outperformer using the SIA Platform, entering the SIA favored zone in March 2023. By November, shares reached $70, encountering resistance at $71.16, before a rally to $78.56, with technical analysis suggesting new resistance levels near $105.17. The SIA Construction sector remained strong, with recent positive readings signaling renewed accumulation and continued strength in ATRL.TO.

Adobe’s stock continues to underperform despite being viewed by many analysts as a company with very strong fundamental valuations. Technically, ADBE is positioned at the bottom of the SIA relative strength matrix, facing significant resistance, while the broader software sector remains strong. The divergence between Adobe’s performance and that of its peers highlights ongoing challenges in overcoming technical barriers, despite its solid fundamentals. This shows the power of the SIA platform in providing valuable insights into market trends and technical performance.

Raymond James Financial Inc. (RJF) has demonstrated impressive performance, with a 1-year return of 46.12% and a 3-month return of 26.89%, placing it in the SIA Favored zone within the SIA Financial Services Index Report. The SIA point-and-figure chart highlights key resistance and support levels, showing its recent re-entry into the favored zone. As we look to grow our platform in 2025, we consider our current clients like you to be our greatest opportunity for expansion. You understand firsthand the value we bring, and your referrals are the most meaningful way for us to continue evolving. We encourage SIA’s elite advisors to sign your colleagues up for a free SIA trial and allow them to experience the benefits of the platform. Thank you for your continued support—your referrals are truly appreciated.

Natural gas prices have experienced a significant rally in 2024, with a peak-to-trough gain of 133%, making it one of the top-performing commodities of the year. After a steep decline in late 2022, natural gas prices bottomed at $1.66 before surging past key resistance levels, with the next major resistance at $4.63 and a band between $5.22 and $5.43. This upward trend has translated into strong performance for EQT Corp. (EQT), which has gained momentum within the SIA Russell 1000 Index Report. Surpassing key resistance levels in December 2024, EQT now finds support at $42.94, and with a perfect SIA SMAX score of 10, it is positioned for potential near-term outperformance.

In 2024, CP Rail (CP.TO) posted a return of -0.05%, placing it at the bottom of the SIA relative strength matrix. It remains deeply in the red, ranking 50th out of 62 in the SIA S&P/TSX 60 Index, with support at $100.85. CN Rail (CNR.TO) saw a return of -10.53%, also in the “Unfavored” zone, with support at $138.84, $130.83, and $116.18. Both stocks have low SMAX scores of 0 and significant resistance levels dating back to 2021.

Shares of Deere & Company (DE) have underperformed in 2024, but recent movement in the SIA S&P 100 Index Report suggests a potential shift. Since mid-August, DE shares have risen from near rock-bottom levels to the top of the “Unfavored” zone, while Caterpillar Inc. (CAT) has moved from the “Favored” zone down into the “Yellow Neutral” zone. Happy New Year Advisors!! For 2025, resolve to gain deeper insights into market trends with the SIA platform — SIA is here to help you stay ahead of these evolving dynamics.

As natural gas prices surge, with a 34.57% YTD increase by December 27th and an additional 15% spike today, energy exposure remains limited for rules-based SIA practitioners due to the sector’s overall “Unfavored” SIA ratings. However, TechnipFMC PLC (FTI), with a 45.30% YTD performance and strong relative strength, stands out as a top performer, offering potential opportunities for early exposure. While the broader energy sector faces technical challenges, these reports may help SIA practitioners identify the top relative strength stocks.

Honeywell International Inc. offers exposure to the growing quantum computing sector through its Quantinuum division. While recent technical indicators, such as the Point and Figure catapult formation and a strong SIA SMAX score (9/10), highlight notable technical strength, Honeywell remains in the Unfavored zone of the SIA S&P 100 Index Report, potentially making it a developing story worth monitoring with SIA Alerts for any upward movement in relative strength.

Victoria’s Secret, with a YTD return of 58.93%, ends the year in the top position on the SIA S&P Small Cap 600 Index Report. As the stock bounces off long-term resistance, this Christmas Eve report highlights key support levels. An important takeaway for 2024 is the power of big data analytics—advisors can leverage these insights to make more informed, data-driven decisions. As we head into the new year, now is the perfect time to double down on your SIA education and connect with SIA agents to maximize your advisory practice. From the entire SIA Team we wish you a very Merry Christmas!