Company Overview: ​ Integra Resources Corp. (TSXV: ITR) is a Canadian precious metals exploration and development company focusing on gold and silver projects in the Great Basin region of the Western United States. Electrovaya Inc. (TSX: ELVA) is a Canadian-based lithium-ion battery technology and manufacturing company. The company designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and related products for energy storage, electric transportation, and other specialized applications. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The S&P/TSX Composite Index (TSX: ^TSX) posted a strong performance last week, advancing 614.19 points (+2.42%) to close at 25,971.93. The bullish momentum carried into May 16, with the index climbing an additional 74.45 points (+0.29%), ending the week on a positive note. The rally was broad-based, with notable gains across multiple sectors including healthcare, consumer cyclicals, technology, energy, real estate, utilities, industrials, consumer non-cyclicals, and financials. In contrast, the basic materials sector lagged behind the broader market. On the economic front, Statistics Canada reported that manufacturing sales declined for a second straight month, falling 1.4% in March to $71.9 billion, signalling ongoing challenges in the manufacturing sector. The index remains above its rising trendline and the 50-period Simple Moving Average (SMA), reinforcing the prevailing uptrend. Resistance is noted near 26,400, while support is established around 25,200. The weekly Relative Strength Index (RSI) stands at 62.01, indicating a stable momentum environment with sustained buying interest.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA CPI m/m, U.S Existing Home Sale and U.S Unemployment Claims.