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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- VHI and UCU

Oct 28, 2025

  • VHI:TSX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • UCU:TSX-V
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)

Company Overview: ​ Vitalhub Corp. (TSX: VHI) is a software company focused on delivering innovative digital solutions that empower health and human services providers worldwide. Its comprehensive product suite encompasses electronic health records (EHR), operational intelligence, and workforce automation platforms, supporting more than 1,000 clients across the United Kingdom, Canada, and other international markets. Ucore Rare Metals Inc. (TSXV: UCU) is engaged in the development of rare and critical metal resources, specializing in advanced extraction, beneficiation, and separation technologies. The Company provides metal separation products and services to the mining and mineral processing industry. Ucore holds a 100% interest in the Bokan-Dotson Ridge Rare Earth Element Project located in southeast Alaska, 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 (TSX: ^TSX) ended the week on a positive note, advancing 0.81% to close at 30,353.07. However, on October 27, the benchmark paused its upward momentum, slipping 77.31 points (−0.25%) amid mild consolidation. Sector performance was mixed technology, energy, and financials outperformed, while healthcare, consumer cyclicals, consumer non-cyclicals, basic materials, industrials, real estate, and utilities underperformed, tempering overall market strength. From a technical standpoint, the index maintains a broadly bullish structure, continuing to trade above its rising trendline support and the 50-period Simple Moving Average (SMA) both reinforcing the prevailing uptrend. Key resistance is observed near 30,800, and a decisive breakout above this level could open the door to further upside. On the downside, initial support is situated around 29,600, with a sustained break below this zone likely to trigger a deeper short-term correction. The weekly Relative Strength Index (RSI) stands at 78.84, highlighting strong and persistent buying momentum, though current readings suggest the market is entering overbought territory.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA BOC Rate Statement, US Federal Funds Rate and US Durable Goods Orders m/m.

Global Markets Wrap-Up 

U.S. equity markets strengthened in the week ending October 24, 2025, with major indices posting broad-based gains. The Nasdaq Composite led the advance, climbing 2.31% to close at 22,204.87, supported by renewed strength in technology and other growth-oriented sectors. The Russell 2000, a key barometer of small-cap performance, rose 2.50% to finish at 2,513.47, reflecting improving investor risk appetite. On the economic front, data from the U.S. Department of Labor pointed to continued resilience in the labor market. Initial jobless claims fell by 14,000 to a seasonally adjusted 218,000 for the week ended September 20, 2025, down from the previous week’s revised total of 232,000.                                                                               .

Taking into the US market's performance over the last week, following the major global macros and data front, based on the technical analysis of the S&P/TSX Composite Index, the two TSX listed stocks fit the maximum criteria on the technical framework. The recommendations are based on the generic insights, entry price, target prices, and stop-loss for Vitalhub Corp. (TSX: VHI) and Ucore Rare Metals Inc. (TSXV: UCU) for the next 2-4 weeks.

Vitalhub Corp. (TSX: VHI)

Price Action Analysis (On the Daily Chart)

On the daily chart, VHI is trading firmly above a rising trendline support, underscoring consistent buying interest at current levels. The stock’s recent rebound, accompanied by higher trading volumes, signals strengthening bullish momentum and growing market participation. In the near term, sustained positive sentiment over the next 2–4 weeks could set the stage for a retest of immediate resistance at CAD 12.80. A decisive breakout above this level would turn focus toward CAD 14.00, where a confirmed close higher would validate the continuation of the uptrend and unlock further upside potential.

Technical Analysis (On the Daily Chart)

On the daily chart, the 14-period Relative Strength Index (RSI) is hovering around 57.40, indicating momentum and suggesting room for additional upside. Weekly trading volumes remain elevated, reinforcing the prevailing bullish trend and reflecting sustained market participation. Moreover, the stock continues to trade above its 21-period Simple Moving Average (SMA), which serves as a dynamic support level and further strengthens the overall constructive technical outlook.

General Recommendation:

As per the above-mentioned price action and technical analysis, Vitalhub Corp. looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. Investment decisions should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report. Below is the summary of our recommendation.

Ucore Rare Metals Inc. (TSXV: UCU)

Price Action Analysis (On the Daily Chart)

On the daily chart, UCU is trading above a key rising trendline support, forming a solid technical base that reinforces the strength of its ongoing uptrend. This structure, coupled with the stock’s recent advance on rising volumes, signals improving market participation and supports a constructive near-term outlook. Over the next 2–4 weeks, UCU appears well-positioned to retest resistance near CAD 6.40. A decisive breakout and sustained close above this level would confirm the continuation of the uptrend, potentially triggering a fresh rally phase and unlocking further momentum-driven upside within the prevailing bullish structure.

Technical Indicators Analysis (On the Daily Chart)

On the daily chart, the 14-period Relative Strength Index (RSI) stands around 43.68, reflecting momentum and indicating that buyers remain in control. Weekly trading volumes continue to support the recent advance, highlighting sustained investor interest and reinforcing the strength of the move. Additionally, the stock is trading above its 50-period Simple Moving Average (SMA), which now serves as dynamic support and further bolsters the bullish outlook.

 General Recommendation:

As per the above-mentioned price action and technical analysis, Ucore Rare Metals Inc. looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. Investment decisions should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings.This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report. Below is the summary of our recommendation.

Upcoming Major Global Economic Events

Market events occur on a day-to-day basis depending on the frequency of the data and generally include updates on employment, inflation, GDP, consumer sentiments, etc. Noted below are the upcoming week's major global economic events that could impact the S&P/TSX Composite Index and listed stocks' prices.

Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Individuals can consider exiting from the stock if the Target Price or Stop loss mentioned as per the technical analysis has been achieved and subject to the factors discussed above.

Note 2: How to Read the Charts?

The Green color line reflects the 21-period moving average, while the Red color line indicates the 50-period moving average. SMA helps to identify existing price trend. If the prices are trading above the 21-period and 50-period moving average, then it shows prices are currently trading in a bullish trend.

The Black color line in the chart's lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue color bars in the chart's lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volume. Liquidity in stocks helps in easier and faster execution of the order.

The Orange color lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices. 

Risk Reward Ratio: The risk reward ratio is the difference between an entry point to a stop loss and profit level.  This report is based on ~80% Stop Loss of the Target 1 from the entry point.

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains.  Individuals can Trail the Stop-Loss as per the aforementioned levels if the stock price achieves more than 50% of the Target 1. individuals should consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 50% of the Target 1. 

The reference date for all price data, currency, technical indicators, support, and resistance levels is October 27, 2025. The reference data in this report has been partly sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

CAD: Canadian Dollar

RSI: Relative Strength Index 

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.


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.