RY 139.89 0.8943% TD 76.9 1.2242% SHOP 86.16 -18.5248% CNR 172.89 0.5818% ENB 51.15 1.1269% CP 112.14 0.5199% BMO 127.56 0.9816% TRI 229.43 0.1528% CNQ 105.96 1.0105% BN 60.44 0.683% ATD 75.02 0.4015% CSU 3820.47 1.7341% BNS 65.64 1.4685% CM 66.73 1.3364% SU 53.67 0.4304% TRP 52.0 1.069% NGT 57.07 0.3693% WCN 227.19 0.0528% MFC 33.6 0.9919% BCE 46.16 0.5445%

CA Technical Analysis Report

S&P/TSX Composite index edged higher, 2 TSX-listed stocks to consider at the current levels- MRE and DGHI

Dec 12, 2023

Company Overview: Martinrea International Inc. (TSX: MRE) is a leading global automotive supplier specializing in the design, development, and manufacturing of advanced and value-added Lightweight Structures and Propulsion Systems. Digihost Technology, Inc. (TSXV: DGHI) is a block chain technology company, which engages in crypto currency mining. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The benchmark S&P/TSX Composite Index (TSX: ^TSX) started the last week on a negative note and maintained a bearish momentum for the entire week. The S&P/TSX composite index declined by 121.33 points (0.59%) to 20331.54 for the week ending December 08, 2023. On December 11, 2023, the index closed at 20318.36, down by 13.18 points or ~0.06%. Technology, Industrials, Consumer Non-Cyclicals and Financials were the leading sectors, While Utilities, Consumer Cyclicals, Healthcare, Basic Materials, Real Estate, and Energy were the lagging sectors on Monday.The weekly chart indicates that the index prices are trading below the falling trendline resistance zone. However, prices are sustaining above the 21-period & 50-period SMA, which may act as a support level for the index. The immediate resistance for the index is around 21000, while the immediate support exists at 19800. On the weekly time frame, RSI is reading at ~54.01 levels.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include US CPI m/m, U.S Retail Sales m/m and U.S Unemployment Claims.

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