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Tag: relative strength

ACCENTURE PLC. (ACN)

The last time we highlighted Accenture PLC (ACN) in our Daily Stock Report was four months ago on May 7, 2025, when the shares were deeply entrenched in the red unfavored zone. Since then, the shares have continued to weaken further as the closing price is now at $238.54 representing a 27% drop since then. This reinforces SIA’s methodology to not pursue a “contrarian” mindset as names in the unfavored zone are not exhibiting any relative strength as the sellers are in control and not many market participants are looking at the name.

TESLA INC. (TSLA)

Tesla shares are gaining momentum as Elon Musk positions the company’s Optimus humanoid robot as a potential future centerpiece, possibly surpassing the EV business in value. Technically, TSLA has re-entered the favored zone of the SIA S&P 100 Index Report and currently holds the 24th spot in relative strength after a strong recent move. A breakout from a Point and Figure triangle pattern adds further confirmation, with resistance levels now targeted at $423.16 and $486.08.

CELESTICA INC. (CLS.TO)

Celestica Inc. (CLS.TO) entered the favored zone in the SIA S&P/TSX Composite Index on May 14, 2025, at a price of $158.62 and has remained in the favored zone ever since. As of yesterday’s close, the shares are at $338.16 which represents a more than doubling in price in just 4 month’s time. By translating global money flows into opportunities identified within the green favored zone, the SIA Algorithm empowers advisors to stay aligned with market momentum.

FRANCO NEVADA CORP. (FNV.TO)

Franco-Nevada Corp. (FNV.TO) has recently demonstrated renewed technical strength, outperforming the TSX benchmark over both one-month and three-month periods. This sustained momentum has lifted the stock to 16th place in the SIA S&P/TSX 60 Relative Strength Report, just below the favored zone for rules-based practitioners. Following a multi-year consolidation and successful retest of former resistance near $200, the stock now trades within a technically constructive setup, supported by strength in the top-ranked SIA Metals and Mining Sector.

BUENAVENTURA MINING COMP INC. (BVN)

Copper prices have remained strong despite ongoing weakness in employment data, suggesting a divergence between traditional economic indicators and commodity market trends. Structural factors such as supply constraints, clean energy demand, and infrastructure investment continue to support elevated copper levels. In parallel, Buenaventura Mining (BVN), with exposure to copper and gold assets, has shown notable technical developments, including a breakout above long-term resistance. Recent point and figure charts of both copper and BVN provide additional context on these market dynamics.

Balancing Alertness and Composure: A Point & Figure Perspective on Market Volatility

This report examines the recent rebound in equity volatility within the broader context of declining summer trends. While the VIX rose 10% amid a European bond selloff, long-term volatility measures remain notably subdued. A point and figure view of the VIX shows current movement still contained within a downward-sloping flag, suggesting that market stress, while notable, remains bounded. The analysis highlights the importance of balancing alertness to emerging shifts with composure amid ongoing macro uncertainty.

DOORDASH INC. (DASH)

Food delivery service DoorDash (DASH) entered the green favored zone of the SIA Russell 1000 Index on August 5, 2024, at a price of $121.30 and has remained in the favored zone ever since. Today, the shares are at $244.10 which represents a doubling in price in a little over a year’s time. This exemplifies the power of the SIA Algorithm for always looking for names in the green favored zone as this is where the money flows are positioning towards. Currently DoorDash sits in the 73rd spot out of 1008 in the Russell 1000 Index report.

THE KRAFT HEINZ COMPANY (KHC)

The food and beverage industry faces challenges from shifting consumer preferences, rising costs, and stronger private-label competition. These pressures have slowed growth and tempered investor expectations. Reflecting this, Kraft Heinz has significantly underperformed the broader market. Over the past three years, Kraft Heinz’s stock declined by 4.77%, while the S&P 500 Index rose 12.29%. Over five years, Kraft Heinz was essentially flat, up just 0.06%, compared to a 14.16% gain for the index.

LUNDIN GOLD INC. (LUG.TO)

The last time we highlighted Lundin Gold Inc. (LUG.TO) in our Daily Stock Report was on April 14, 2025. Since then, the shares have continued to strengthen further as the closing price is now at $79.54 which represents an additional 62% increase since April 11, 2025, closing price. Currently the shares reside in the #11 spot of the favored zone of the SIA S&P/TSX Composite Index report.

ROBLOX CORP. (RBLX)

Roblox (RBLX) shares surged into mid-2025 on the back of strong Q2 results, reaching record highs near $150 before reversing sharply in late July. The pullback coincided with emerging legal and reputational headwinds, including regulatory scrutiny and negative media coverage. Technical indicators reflect a notable shift in trend, with price action breaking below key levels and volatility increasing. The following analysis examines both candlestick and point and figure chart structures in the context of these developments.

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