Company Overview: Lithium Royalty Corp. (TSX: LIRC) is a Canada-based, lithium-focused royalty company. It holds a globally diversified portfolio of approximately 35 revenue-generating royalties on mineral properties worldwide. These assets supply and are expected to continue supplying raw materials critical to the electrification of transportation and the broader decarbonization of the global economy. 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) delivered a positive performance last week, rising 1.08% to close at 27,314.01 amid broad-based gains. The index also began the new week on a firm footing, edging up by 2.99 points (+0.01%) on July 21. The rally was supported by strength in several sectors, including basic materials, technology, utilities, and real estate, while industrials, energy, financials, consumer non-cyclicals, consumer cyclicals, and healthcare underperformed the broader market. On the economic front, Statistics Canada reported that the Industrial Product Price Index rose 0.4% month over month in June, marking a 1.7% increase year over year  highlighting moderate inflationary trends within the industrial sector. From a technical perspective, the index remains positioned above its horizontal trendline and the 21-period Simple Moving Average (SMA), reinforcing its ongoing bullish bias. Immediate resistance is seen near the 27,700 level, while key support is identified around 26,800. The weekly Relative Strength Index (RSI) stands at 71.37, indicating steady momentum but also suggesting that the market is approaching overbought territory  a sign that traders should watch for possible near-term consolidation or a modest pullback.

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