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Tag: relative strength

UNITY SOFTWARE INC. (U)

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.

TC ENERGY CORP. (TRP.TO)

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.

CENOVUS ENERGY (CVE.TO)

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.

ENGHOUSE SYSTEMS LTD. (ENGH.TO)

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.

FABRINET (FN)

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.

Emerging Markets (ZEM.TO) & Equal Weight US Banks (ZBK.TO)

In this edition of Equity Leaders Weekly, we look at emerging markets and bank stocks as signs of investor confidence and sector rotation.

Dundee Precious Metals (DPM.TO)

About a month ago, DPM.TO climbed up from the Unfavored zone to the border of the Neutral zone to the Favored zone of the SIA S&P/TSX Composite Index Report, unwinding a tumble down the rankings that occurred over December and January. DPM.TO finished yesterday in 55th position, up 4 spots on the day and up 101 places in the last month.

Wesdome Gold Mines (WDO.TO)

Wesdome Gold Mines (WDO.TO) has climbed 23 positions over the last month to 10th place in the SIA S&P/TSX Composite Index Report. Since returning to the Favored Zone, WDO.TO is up 8.5%, while the S&P/TSX Composite Index is up 3.7% over the same period.

Broadcom Inc (AVGO)

Broadcom Inc. (AVGO) has been an all-star in the SIA S&P 100 Index Report over the last 15 months, all of which have been in the Favored zone since December of 2022. During this time, it quickly rose to the top or near the top of the rankings and has been in the top 3 spots of the Report for most of its time returning over 156%.

Advanced Micro Devices Inc. (AMD)

After struggling relative to its peers through the summer, Advanced Micro Devices (AMD) has rapidly climbed back up the relative strength rankings in the SIA S&P 100 Index Report. Currently, AMD is in 8th place, up 20 spots in the last month with the shares up 13.1%, compared with a 4.3% return for the corresponding index over the same time frame.

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