$68.58
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
CFL alternative · entry card
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $70.83–72.91 | +3.3% to +6.3% | wk high 09-04, 50% retr., wk low 03-27 |
| Trading stop · daily close | below $67.03 | -2.3% | trading downgrade |
| Trend stop · Friday close | below $64.64 | -5.7% | trend downgrade one state |
| Breakout Buy Level | close above $70.53 | +2.8% | top of R1 (wk low 08-28, wk high ’25-12-05) |
APPENDIX · ENB.TO · TECHNICAL TRADING SCORECARD
Scores · Trend 20.0
| RS vs TSX (20) + sector (10) | 2.0 + 1.0 = 3.0 / 30 |
| Structure (6 checks) | 9 / 30 |
| Score = (RS + structure) × 100/60 | 20.0 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Down |
| Confirmation (2 consecutive Fridays) | confirmed Down |
| Trend (confirmed) | Down |
✖ Fri close above 40-wk SMA 0/6 · ✔ 40-wk SMA rising (4 wks) 4/4 · ✖ No lower high vs cycle high 0/5 · ✖ Fri close above 20-wk SMA 0/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✖ 4-mo SMA > 13-mo SMA (completed months, to Sep) 0/5
Weekly raw states: 09-25 Down → 10-02 Down → 10-09 Down → 10-16 Down → 10-23 Down → 10-30 Down. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 71.7
| RS (S&P 20 + sector 10) | 20.0 + 10.0 / 30 |
| Structure | 13 / 25 |
| Coppock (daily) — positive but decelerating | 12.5 / 25 |
| Band position | 16.2 / 20 |
| Raw | 71.7 (Early Up) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 71.7 Early Up |
| ✔ Close above 50-day SMA 5/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✖ Close above 100-day SMA 0/4 · ✖ Close above 200-day SMA 0/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✔ No daily lower high (last two swing highs) 5/5 |
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 (ENB.TO close needed) |
|---|
| Trend · TSX | 5 Established Down (+) → | -0.82% | +3.16% | Est. Up ≥ 89.15 (+30.0%) · Early Up ≥ 69.17 · Est. Down < 68.80 |
| Trend · XEG.TO | 5 Established Down (+) → | -10.93% | +0.67% | Early Up ≥ 76.59 · Est. Down < 76.18 |
| Trading · TSX | 1 Established Up (+) → | +2.41% | +1.54% | Est. Up ≥ 67.12 (-2.1%) · Est. Down < 63.49 |
| Trading · XEG.TO | 1 Established Up (+) ↑ | +4.23% | +2.72% | Est. Up ≥ 65.94 (-3.8%) · Est. Down < 63.29 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 68.58)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 73.71–75.86 | +7.5% to +10.6% | wk high 02-13 73.71 · wk low 05-29 75.37 · wk low 07-03 75.51 · wk low 06-19 75.86 |
| R2 | 70.83–72.91 | +3.3% to +6.3% | wk high 09-04 70.83 · 50% 71.53 · wk low 03-27 72.04 · wk low 03-13 72.40 · 200-day SMA 72.57 · 40-wk SMA 72.91 |
| R1 | 68.71–70.53 | +0.2% to +2.8% | wk low 08-28 68.71 · wk high ’25-12-05 68.80 · 61.8% 69.38 · wk high ’25-10-03 70.39 · wk low 04-24 70.53 |
| S1 | 67.03–68.54 | -0.1% to -2.3% | wk high ’25-11-21 68.54 · wk high 10-16 68.22 · wk high ’25-08-22 67.03 |
| S2 | 64.64–66.31 | -3.3% to -5.7% | wk high 01-02 66.31 · wk low 09-11 66.06 · wk high ’25-01-24 65.62 · wk high ’25-05-02 65.15 · wk high ’25-06-06 65.09 · wk high ’25-02-14 64.99 · wk low 10-09 64.86 · wk high ’25-04-04 64.78 · wk low 01-30 64.64 |
| S3 | 62.42–64.32 | -6.2% to -9.0% | wk low ’25-08-22 64.32 · wk low ’25-11-07 64.04 · wk low ’25-12-19 63.67 · wk high ’25-03-07 62.49 · wk low 01-09 62.42 |
| ATH | 80.65 | +17.6% | 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 < 67.03 (-2.3%): trading downgrades one state, re-anchor to S2 64.64–66.31.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 64.64 (-5.7%): trend downgrades one state, re-anchor to S3 62.42–64.32.
- Trend vs TSX: Est. Up ≥ 89.15 (+30.0%) · above its 16-wk avg ≥ 69.17 · Est. Down < 68.80 (+0.3%) (next Friday, benchmark flat).
- Trading vs TSX: Est. Up ≥ 67.12 · Est. Down < 63.49.
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 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).
