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RY 174.21 0.4845% TD 77.21 -0.3099% SHOP 113.1 0.5155% CNR 157.51 -1.1299% ENB 57.59 0.1565% CP 112.08 -0.5678% BMO 129.49 0.3332% TRI 232.87 0.7921% CNQ 49.045 1.1654% BN 76.23 1.3023% ATD 73.74 -0.6066% CSU 4426.6099 0.3812% BNS 73.69 -0.1896% CM 86.29 0.4657% SU 53.56 0.7714% TRP 65.64 0.845% NGT 78.23 1.1246% WCN 250.66 0.2239% MFC 42.08 -0.1898% BCE 46.14 0.2172%

CA Technical Analysis Report

S&P/TSX Composite index edged higher, One TSX-listed stock to consider at the current levels- EDV

Jul 09, 2024

EDV:TSX
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (CA$)

Company Overview: Endeavour Mining PLC (TSX: EDV) is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock.

Canada Market Round-Up

The benchmark S&P/TSX Composite Index (TSX: ^TSX) started last week on a positive note and maintained a bullish momentum for the entire week. The S&P/TSX composite index advanced by 183.24 points (0.84%) to 22059.03 for the week ending July 05, 2024. On July 08, 2024, the index closed at 22126.13, up by 67.10 points or ~0.30%. Healthcare, Technology, Utilities, Financials, Real Estate, Consumer Cyclicals, and Consumer Non-Cyclicals were the leading sectors, While Energy, Basic Materials, and Industrials were the lagging sectors aon Monday. As per the data published by Statistics Canada, the Canadian unemployment rate increased 0.2 percentage points to 6.4% in June. The weekly chart indicates that the index prices are trading above the rising trendline support zone. Moreover, prices are sustaining above the 21-period, which may act as a support level for the index. The immediate resistance for the index is around 22650, while the immediate support exists at 21550. On the weekly time frame, RSI is reading at ~59.10 levels

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

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Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.