US and Canadian markets settled this week on a positive note. Two stocks to consider – NAM, MAPS

Company Overview: New Age Metals Inc. (TSXV: NAM) is a Canadian junior mineral exploration and development company focused on discovering and advancing critical and green metal projects in North America, particularly metals essential for clean energy technologies and electrification. WM Technology, Inc. (NASDAQ: MAPS) is a U.S.-based technology and software company that operates Weedmaps, one of the leading online cannabis marketplaces for consumers, while also providing eCommerce, advertising, and compliance software solutions for cannabis retailers and brands operating in legal markets. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks. 

Global Markets Wrap-Up

U.S. equity markets ended the week on a negative note, weighed down by broad-based selling pressure across most sectors. The S&P 500 declined 0.74% to close at 6,830.71. In contrast, the NASDAQ Composite managed a modest gain, edging up 0.36% to settle at 22,748.99. Meanwhile, small-cap stocks underperformed, with the Russell 2000 falling 1.78% to finish the session at 2,585.57, reflecting increased risk aversion among investors.

The S&P/TSX Venture Composite Index fell 4.28% week-to-date, closing at 1,060.16, extending its broader downtrend and highlighting persistent negative momentum. Gains in financials, technology, and consumer non-cyclicals provided some near-term support, reflecting pockets of improving investor sentiment. However, these advances were largely offset by weakness in the healthcare, energy, basic materials, and industrials sectors, which collectively weighed on overall index performance and limited the market’s ability to stabilize.

Considering the US and Canadian markets’ performance over the week, following the significant global macros and data front, two stocks that fit the criteria on the technical framework: New Age Metals Inc. (TSXV: NAM) and WM Technology, Inc. (NASDAQ: MAPS). The recommendations on these stocks are based on the generic insights, entry price, target prices, and stop-loss for the next 2-6 weeks:

New Age Metals Inc. (TSXV: NAM)

Noted below are the key price indicators for the stock:

Price Action Analysis (On the Daily Chart)

On the daily chart, NAM continues to trade above a key rising trendline support, reinforcing underlying price strength and maintaining a constructive short-term bullish bias. The sustained hold above this dynamic support level signals steady accumulation and an improving technical structure. Momentum indicators remain supportive, suggesting scope for further upside. Initial resistance is seen near CAD 0.526, which represents the next near-term target over the coming 2–6 weeks. A decisive breakout above the psychologically important CAD 0.570 level would confirm a transition into a stronger bullish phase, potentially attracting fresh buying interest and paving the way for an extended near-term rally.

Technical Analysis (On the Daily Chart)

The 14-period Relative Strength Index (RSI) is currently at 55.97, indicating stabilising conditions with early signs of strengthening bullish momentum. Robust weekly trading volumes further reinforce the constructive technical outlook, reflecting sustained accumulation and gradually improving investor confidence. Meanwhile, the price continues to hold above the 50-period Simple Moving Average (SMA), which remains a key dynamic support level and helps maintain the prevailing positive near-term bias.

General Recommendation:

As per the above-mentioned price action and technical indicators analysis,  New Age Metals Inc. is looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. The summary of recommendations is as follows:

WM Technology, Inc. (NASDAQ: MAPS)

Noted below are the key price indicators for the stock:

Price Action Analysis (On the Daily Chart)

On the daily chart, MAPS is holding above a key falling trendline support level, signalling improving price stability and strengthening the near-term technical outlook. The successful retest of this breakout zone reinforces a constructive structure and suggests accumulation at higher levels. Initial resistance is forming near USD 0.880, which may come into focus over the next 2–6 weeks if momentum continues to build. A decisive move above USD 0.970 would represent a meaningful bullish catalyst, potentially triggering fresh buying interest and paving the way for a more sustained upside advance.

Technical Analysis (On the Daily Chart)

The 14-period Relative Strength Index (RSI) at 53.48 reflects neutral-to-building momentum, suggesting there is ample room for further upside as buying interest gradually strengthens. Steady weekly trading volumes indicate ongoing accumulation, reinforcing the improving technical backdrop. Additionally, price action remains above the 21-period Simple Moving Average (SMA), which continues to act as reliable dynamic support and supports the stock’s constructive near-term outlook.

General Recommendation:

As per the above-mentioned price action and technical indicators analysis, WM Technology, Inc. is looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. The summary of recommendations is as follows:

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.

Upcoming Major Global Economic Events 

Market events occur daily depending on the data's frequency and generally include updates on CPI, PPI, Core Retail Sales, Unemployment Data, etc. The upcoming week's major global economic events that could impact the S&P/TSX Venture Composite Index and listed stocks' prices are noted below.

Related Risks: This report may be looked at from a high-risk perspective and recommendation is provided 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.

Key Risks: Technical indicators are backward-looking and may generate false or lagged signals, particularly during volatile or changing market conditions. Price trends may also be disrupted by fundamental, macroeconomic, or company-specific developments not captured in charts. 

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. 

Kalkine reports are prepared based on the stock prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’ 

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: In general, it is a level to protect further losses in case of unfavorable 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 and the 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 favorable movement in the price to protect the gains. Individual can Trail the Stop-Loss as per the levels if the stock price achieves more than 50% of the Target 1. Individual 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 March 05, 2026. 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

USD: United States dollar 

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.