RY 160.91 0.3555% SHOP 116.03 -0.4718% TD 83.98 0.2148% ENB 62.82 1.4699% BN 68.81 1.6396% TRI 251.78 0.6959% CNQ 39.88 2.0732% CP 103.16 1.9771% CNR 137.31 0.483% BMO 129.32 0.4661% BNS 65.69 0.551% CSU 4682.54 -0.7613% CM 81.6 0.1473% MFC 39.65 -0.0252% ATD 71.3 1.3072% NGT 76.22 -1.6643% TRP 68.46 0.9586% SU 47.8 2.006% WCN 273.36 0.3156% L 213.68 0.1594%

CA Technical Analysis Report

The S&P/TSX Composite Index continued to edge lower, One TSX-listed stock to consider at the current levels- VNP

Apr 08, 2025

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

Company Overview: 5N Plus Inc. (TSX: VNP) is a Canadian-based company specializing in the production of specialty metals and chemical products. It operates through two main segments: Electronic Materials and Eco-Friendly Materials. The Electronic Materials division focuses on the manufacturing and sale of high-purity metals, compounds, and alloys used across various electronic applications, including semiconductors, photovoltaics, and medical technologies. 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 S&P/TSX Composite Index (TSX: ^TSX) continued its downward trajectory over the past week, closing at 23,193.47 on April 4, 2025, after a sharp decline of 1,565.68 points (-6.32%). The weakness extended into April 7, with the index falling another 334.01 points (-1.44%) to end the session at 22,859.46. Despite the overall decline, select technology and basic materials stocks provided some support, showing relative strength. However, a majority of sectors including consumer non-cyclicals, healthcare, energy, real estate, industrials, consumer cyclicals, financials, and utilities remained laggards, contributing to broader market pressure. On the macroeconomic front, Statistics Canada reported a modest rise in the unemployment rate, up 0.1 percentage points to 6.7%, further dampening sentiment. From a technical standpoint, the index remains under pressure, trading below a key horizontal trendline support zone and firmly beneath the 50-period Simple Moving Average (SMA) which now acts as a significant resistance level. This reinforces the prevailing bearish outlook. Immediate resistance is seen near 23,600, while critical support is situated around 22,200, a level that could serve as a potential pivot for short-term direction. The Relative Strength Index (RSI) on the weekly timeframe is currently around 33.92, hovering near oversold territory.

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

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