$43.03
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
CFL alternative · entry card
APPENDIX · CVE.TO · TECHNICAL TRADING SCORECARD
Scores · Trend 80.0
| RS vs TSX (20) + sector (10) | 18.0 + 0.0 = 18.0 / 30 |
| Structure (6 checks) | 30 / 30 |
| Score = (RS + structure) × 100/60 | 80.0 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Up |
| Confirmation (2 consecutive Fridays) | confirmed Up |
| Trend (confirmed) | Up |
✔ Fri close above 40-wk SMA 6/6 · ✔ 40-wk SMA rising (4 wks) 4/4 · ✔ No lower high vs cycle high 5/5 · ✔ Fri close above 20-wk SMA 5/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✔ 4-mo SMA > 13-mo SMA (completed months, to Sep) 5/5
Weekly raw states: 09-25 Up → 10-02 Up → 10-09 Up → 10-16 Up → 10-23 Up → 10-30 Up. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 27.5
| RS (S&P 20 + sector 10) | 0.0 + 0.0 / 30 |
| Structure | 15 / 25 |
| Coppock (daily) — negative & falling | 2.5 / 25 |
| Band position | 10.0 / 20 |
| Raw | 27.5 (Established Down) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 27.5 Established Down |
| ✖ Close above 50-day SMA 0/5 · ✔ 50-day SMA rising (10 d) 3/3 · ✔ Close above 100-day SMA 4/4 · ✔ Close above 200-day SMA 5/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✖ No daily lower high (last two swing highs) 0/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (CVE.TO close needed) |
|---|
| Trend · TSX | 1 Established Up (−) → | +4.89% | -0.37% | Est. Up ≥ 44.04 (+2.3%) · Est. Down < 31.51 |
| Trend · XEG.TO | 5 Established Down (−) ↓ | -5.42% | -2.78% | Est. Up ≥ 48.61 (+13.0%) · Est. Down < 48.22 |
| Trading · TSX | 5 Established Down (−) → | -4.26% | -2.49% | Est. Up ≥ 51.41 (+19.5%) · Early Up ≥ 44.97 · Est. Down < 44.73 |
| Trading · XEG.TO | 5 Established Down (−) → | -2.53% | -1.36% | Est. Up ≥ 51.28 (+19.2%) · Early Up ≥ 44.16 · Est. Down < 43.92 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 43.03)
| Band | Range | Distance | Tools in the cluster |
|---|
| R2 | 45.94–46.33 | +6.8% to +7.7% | wk high 08-21 45.94 · wk high 10-02 46.33 |
| R1 | 43.15–44.13 | +0.3% to +2.6% | wk high 07-31 43.15 · wk high 05-22 44.13 |
| S1 | 41.76–42.83 | -0.5% to -3.0% | wk low 09-25 42.83 · wk high 06-05 41.79 · wk low 08-28 41.76 |
| S2 | 38.52–39.70 | -7.7% to -10.5% | 50% 39.70 · 40-wk SMA 38.74 · wk low 07-31 38.52 |
| S3 | 37.73–38.50 | -10.5% to -12.3% | wk high 04-03 38.50 · 200-day SMA 38.26 · 61.8% 37.87 · wk low 05-29 37.73 |
| ATH | 47.46 | +10.3% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 41.76 (-3.0%): trading downgrades one state, re-anchor to S2 38.52–39.70.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 38.52 (-10.5%): trend downgrades one state, re-anchor to S3 37.73–38.50.
- Trend vs TSX: Est. Up ≥ 44.04 (+2.3%) · above its 16-wk avg ≥ 44.04 · Est. Down < 31.51 (-26.8%) (next Friday, benchmark flat).
- Trading vs TSX: Est. Up ≥ 51.41 · Early Up ≥ 44.97 · Est. Down < 44.73.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
PAG Canadian Focus List alternative, entry card (treated like the US Watchlist). Holdings: issuer file as of 2026-09-01 (RBC PAG "Canadian Equity Grid Fall 2026" (September 2026 – November 2026; canadian_grid_en.pdf; Focus List names and Alternatives by recommended position size), Gmail (sc.assistant80@gmail.com), "USFL and CFL equity grids" from stephen.k.chang@rbc.com, Oct 21, 2026 3:20 PM PT; Focus List weights from the Sep 1, 2026 Canadian Focus List Quarterly report (unchanged)); Grid Alternative (Energy; no Focus List weight; recommended for 2.5% positions). Benchmarks: S&P/TSX Composite (20 pts) and XEG.TO (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Entry levels: Buy Zone = breakout retest zone (BUY names only: from the broken level down to the floor of the resistance band it came from, or level −2%, whichever is tighter; a weekly close below = failed breakout); Breakout Buy Level = top of R1; Trend Breakdown (invalidation) = S2 floor on a Friday close; Profit-Taking = next resistance band above the breakout. Verdict: AVOID = Trend Down (confirmed on two Fridays) or Friday close below a falling 40-wk SMA; BUY = a weekly close above a Breakout Buy Level fixed from the prior week's data with ≥2 tools within 3% (most recent such breakout in the last 4 weeks), every Friday close since and the latest close still at or above it, and Trend not Down; WAIT = otherwise. Buy Zone is reference only. Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of 500 current S&P 500 members with a rising weekly Coppock; it has survivorship bias, is a regime input only, and no other stock was scored. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).
