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CA Technical Analysis Report

The S&P/TSX Composite Index is trading above the 50-period SMA, 2 TSX-listed stocks to consider at the current levels- NTR and PHX

Jul 14, 2026

  • NTR:TSX
  • Investment Type
    Large-cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • PHX:TSX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)

Company Overview: Nutrien Ltd. (TSX: NTR) is a leading global provider of crop inputs and agricultural services, serving growers worldwide through an integrated network of production, distribution, and retail facilities. The company supplies essential crop nutrients, including potash, nitrogen, and phosphate fertilizers, while also offering crop protection products, seeds, agronomic solutions, and digital farming services. PHX Energy Services Corp.(TSX: PHX) is a growth-oriented public oilfield services company that provides specialized drilling solutions to the oil and natural gas industry. Through its wholly owned directional drilling subsidiaries, the company delivers horizontal and directional drilling services to oil and natural gas exploration and production companies, primarily across Canada and the United States. 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 ended the week on July 10, 2026, on a positive note, advancing 30.47 points (0.09%) to close at 35,305.31. From a technical standpoint, the broader outlook remains constructive, with the index continuing to trade comfortably above both its rising trendline and the 50-day Simple Moving Average (SMA). This technical setup reinforces the prevailing bullish trend and suggests that buyers continue to emerge on market pullbacks. Momentum indicators also remain supportive, with the weekly Relative Strength Index (RSI) holding around 66.11, indicating healthy underlying buying momentum while still leaving room for additional upside before entering overbought territory. Looking ahead, immediate resistance is positioned near 35,957.77. A decisive breakout above this level could strengthen bullish momentum and pave the way for further gains. On the downside, immediate support is located around 34,547.67, where renewed buying interest could help preserve the prevailing uptrend. However, a sustained break below this support may weaken the current technical structure and increase the likelihood of a consolidation phase or a deeper corrective move. Overall, the medium-term technical outlook remains positive, provided the index continues to hold above key support levels and maintains its position above the rising trendline and the 50-day SMA.

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


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.

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