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 lower, One TSXV-listed stock to consider at the current levels- DGHI

Jun 18, 2024

DGHI
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Company Overview: Digihost Technology, Inc. (TSXV: DGHI) is a block chain technology company, which engages in crypto currency mining. It focuses on validation through mining, hosting solutions, and blockchain software solutions. 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 367.90 points (1.67%) to 21639.10 for the week ending June 14, 2024. On June 17, 2024, the index closed at 21587.88, down by 51.22 points or ~0.24%. Healthcare, Industrials, and Consumer Non-Cyclicals were the leading sectors, While Financials, Real Estate, Energy, Basic Materials, Technology, Utilities and Consumer Cyclicals were the lagging sectors on Monday. As per the data published by Statistics Canada, Canadian investment in building construction decreased 2.0% to $20.5 billion in April. The weekly chart indicates that the index prices are trading below the horizontal trendline resistance zone. Moreover, prices are sustaining below the 21-period, which may act as a resistance level for the index. The immediate resistance for the index is around 22000, while the immediate support exists at 21000. On the weekly time frame, RSI is reading at ~49.99 levels.

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

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