RY 156.04 -0.032% TD 79.81 -0.4615% SHOP 99.81 0.9303% CNR 158.79 0.6401% ENB 53.84 0.4478% CP 111.87 0.8019% BMO 112.71 0.7419% TRI 225.62 0.396% CNQ 50.46 2.4777% BN 67.8 1.194% ATD 76.93 -1.0674% CSU 4321.5298 0.3257% BNS 67.27 1.3102% CM 78.76 1.5603% SU 54.66 -1.1037% TRP 62.42 1.2162% NGT 70.54 0.2558% WCN 251.32 0.3153% MFC 36.65 -0.0818% BCE 47.21 0.3187%

CA Technical Analysis Report

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

May 28, 2024

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

Company Overview: NanoXplore Inc. (TSX: GRA) is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. 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 negative note and maintained a bearish momentum for the entire week. The S&P/TSX composite index declined by 144.50 points (0.64%) to 22320.87 for the week ending May 24, 2024. On May 27, 2024, the index closed at 22373.38, up by 52.51 points or ~0.23%. Energy industrials, basic materials, utilities, consumer cyclicals, real estate, and financials were the leading sectors, while technology, consumer non-cyclicals, and healthcare were the lagging sectors on Monday. As per the data published by Statistics Canada, Canadian retail sales decreased 0.2% to $66.4 billion in March. The weekly chart indicates that the index prices are trading above the horizontal trendline resistance level. Moreover, prices are sustaining above the 21-period & 50-period SMAs, which may act as a support level for the index. The immediate resistance for the index is around 23000, while the immediate support exists at 21800. On the weekly time frame, RSI is reading at ~67.12 levels.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA GDP m/m, US CB Consumer Confidence and U.S Prelim UoM Consumer Sentiment.

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