Company Overview: Bonterra Energy Corp. (TSX:BNE) is a Canadian oil and gas exploration, and production company focused on the Western Canadian Sedimentary Basin. The company is engaged in the development and production of crude oil, natural gas, and natural gas liquids. This Report covers Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock. 

Canada Market Round-Up

The S&P/TSX Composite Index (TSX: ^TSX) began the previous week under pressure, declining 91.98 points (-0.35%) to close at 25,879.95 on May 23, 2025. However, the index staged a notable recovery by May 26, gaining 193.81 points (+0.75%) to close at 26,073.13. The rebound was broad-based, with strong contributions from multiple sectors including technology, consumer cyclicals, basic materials, consumer non-cyclicals, healthcare, energy, real estate, industrials, utilities, and financials. On the economic front, Statistics Canada reported a 0.9% decline in investment in building construction for March, down $192.2 million to $22.2 billion, signalling some softness in the construction sector. From a technical perspective, the index continues to trade above both its rising trendline support and the 21-period Simple Moving Average (SMA), maintaining the broader bullish structure despite near-term volatility. Key resistance is now seen near the 26,500 level, while support is identified around 25,500. The weekly Relative Strength Index (RSI) stands at 62.40, suggesting stabilizing momentum and ongoing buying interest.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA GDP m/m, US Revised UoM Consumer Sentiment and US Unemployment Claims.