Explore 3 Stock Ideas & Industry Insights Download Free Report

CA Technical Analysis Report

The S&P/TSX Composite Index is trading above the 21-period SMA, 2 TSX-listed stocks to consider at the current levels- U.UN and HITI

Jun 16, 2026

  • U.UN:TSX
  • Investment Type
    Mid - Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • HITI:TSX-V
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)

Company Overview: Sprott Physical Uranium Trust (TSX: U.UN) is a closed-end investment trust designed to provide investors with a secure, convenient, and exchange-traded means of gaining exposure to physical uranium. The trust invests substantially all of its assets in uranium concentrates in the form of U₃O₈, offering direct exposure to uranium prices without the operational, development, or geopolitical risks associated with uranium mining companies. High Tide Inc. (TSXV: HITI) is a leading cannabis retail and consumer products company focused on building a diversified, retail-driven cannabis ecosystem. Through its wholly owned subsidiary, Canna Cabana, the company operates one of the largest cannabis retail networks in North America and has established itself as the second-largest cannabis retail brand globally by store count. 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 closed the week ending June 12, 2026, on a strong footing, gaining 524.40 points, or 1.53%, to finish at 34,937.85. From a technical perspective, the outlook remains constructive, with the index continuing to trade above both its rising trendline and 50-day Simple Moving Average (SMA), reinforcing the prevailing bullish trend and indicating that buyers remain active on pullbacks. Momentum indicators continue to support the positive outlook, with the weekly Relative Strength Index (RSI) holding near 66.72. This suggests healthy underlying strength while leaving room for further upside before overbought conditions emerge. Looking ahead, immediate resistance is located around the 35,800 level. A decisive breakout above this zone could reinforce bullish momentum and open the door to additional gains. On the downside, key support is seen near 34,600, where buying interest may help sustain the broader uptrend. However, a sustained break below this level could weaken the current technical structure and increase the risk of consolidation or a deeper corrective phase. Overall, the medium-term outlook remains positive, provided the index continues to hold above key support levels and maintains its broader upward trajectory.

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

Xxxxxx Xxxxxx Xxxxxx

Xxxxxx Xxxxxx

Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

Xxxxxx Xxxxxx Xxxxxx Xxxxxx & Xxxxxx

  • Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
  • Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

Xxxxxx Xxxxxx

Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

Xxxxxx

Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .   


Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

Past performance is not a reliable indicator of future performance.