Exit Case: Extendicare Inc. 

1. Overview:

Extendicare Inc. (TSX: EXE) is the largest private-sector owner and operator of long-term care (LTC") homes and one of the largest private-sector providers of publicly funded home health care services.

EXE has been a part of the ‘Value Model Portolio’ since 23 July 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~24.64% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 9.41, (as on 12^th September 2024).

Extendicare Inc. (TSX: EXE) is a part of Kalkine’s Value Model Portfolio, has breached its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 23 July 2024. 

1.2 Extendicare Inc. (TSX: EXE) 

2 New Entry Case: Nexus Industrial REIT (TSX: NXR.UN) 

Overview:

Nexus Industrial REIT (TSX: NXR.UN) is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.

Technical Analysis: On the daily chart, NXR.UN prices are trading above an ascending trendline, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 73.67, reflecting strong buying interest. Additionally, prices are positioned above the 21-period Simple Moving Average (SMA), which could serve as a support level. The key support for the stock is at CAD 7.32, while the critical resistance level is at CAD 10.37.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the current market price of CAD 8.82, as on (as on 12^th September 2024).

Nexus Industrial REIT (TSX: NXR.UN) has been identified as the new entry to our Value Model Portfolio. 

2.1 Support and Resistance Summary (as on 12^th September 2024)

2.2 Nexus Industrial REIT (TSX: NXR.UN)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (12^th September 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.