$56.03
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 | $57.97–59.70 | +3.5% to +6.6% | wk low 07-10, wk high 07-03, wk high 05-08 |
| Trading stop · daily close | below $53.98 | -3.7% | trading downgrade |
| Trend stop · Friday close | below $52.29 | -6.7% | trend downgrade one state |
| Breakout Buy Level | close above $57.31 | +2.3% | top of R1 (200-day SMA, wk low 03-27) |
APPENDIX · H.TO · TECHNICAL TRADING SCORECARD
Scores · Trend 55.2
| RS vs TSX (20) + sector (10) | 15.4 + 7.7 = 23.1 / 30 |
| Structure (6 checks) | 10 / 30 |
| Score = (RS + structure) × 100/60 | 55.2 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Neutral |
| Confirmation (2 consecutive Fridays) | confirmed Neutral |
| Trend (confirmed) | Neutral |
✖ Fri close above 40-wk SMA 0/6 · ✖ 40-wk SMA rising (4 wks) 0/4 · ✖ No lower high vs cycle high 0/5 · ✔ 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) 0/5
Weekly raw states: 09-25 Down → 10-02 Down → 10-09 Down → 10-16 Down → 10-23 Neutral → 10-30 Neutral. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 76.7
| RS (S&P 20 + sector 10) | 20.0 + 10.0 / 30 |
| Structure | 14 / 25 |
| Coppock (daily) — positive & rising | 25.0 / 25 |
| Band position | 7.7 / 20 |
| Raw | 76.7 (Established Up) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 76.7 Established Up |
| ✔ Close above 50-day SMA 5/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✔ Close above 100-day SMA 4/4 · ✖ Close above 200-day SMA 0/5 · ✖ 200-day SMA rising (20 d) 0/3 · ✔ 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 (H.TO close needed) |
|---|
| Trend · TSX | 2 Early Up (+) ↑ | +2.47% | +4.83% | Est. Up ≥ 64.25 (+14.7%) · Early Up ≥ 53.62 · Est. Down < 53.34 |
| Trend · ZUT.TO | 2 Early Up (+) → | +1.31% | +2.29% | Est. Up ≥ 58.02 (+3.6%) · Early Up ≥ 54.50 · Est. Down < 54.21 |
| Trading · TSX | 1 Established Up (+) → | +4.99% | +4.42% | Est. Up ≥ 53.60 (-4.3%) · Est. Down < 42.07 |
| Trading · ZUT.TO | 1 Established Up (+) → | +1.16% | +0.76% | Est. Up ≥ 55.62 (-0.7%) · Est. Down < 47.75 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 56.03)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 59.95–60.57 | +7.0% to +8.1% | wk high 05-29 59.95 · wk high 03-20 60.46 · ATH 07-28 60.57 |
| R2 | 57.97–59.70 | +3.5% to +6.6% | wk low 07-10 57.97 · wk high 07-03 59.40 · wk high 05-08 59.61 · wk high 04-10 59.70 |
| R1 | 56.20–57.31 | +0.3% to +2.3% | 200-day SMA 56.20 · wk low 03-27 56.22 · 40-wk SMA 56.33 · 50% 56.43 · wk low 04-24 56.75 · wk low 05-15 57.31 |
| S1 | 53.98–55.47 | -1.0% to -3.7% | wk high ’25-11-28 55.47 · 61.8% 55.45 · wk low 06-05 55.21 · wk high 01-02 54.94 · wk high ’25-05-09 53.98 |
| S2 | 52.29–53.69 | -4.2% to -6.7% | wk high 09-11 53.69 · wk high ’25-10-24 53.67 · wk low 01-16 52.29 |
| S3 | 51.05–51.95 | -7.3% to -8.9% | wk low ’25-12-12 51.95 · wk high ’25-05-23 51.50 · wk high ’25-08-15 51.40 · wk high ’25-04-04 51.24 · wk low ’25-10-31 51.05 |
| ATH | 60.57 | +8.1% | 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 < 53.98 (-3.7%): trading downgrades one state, re-anchor to S2 52.29–53.69.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 52.29 (-6.7%): trend downgrades one state, re-anchor to S3 51.05–51.95.
- Trend vs TSX: Est. Up ≥ 64.25 (+14.7%) · above its 16-wk avg ≥ 53.62 · Est. Down < 53.34 (-4.8%) (next Friday, benchmark flat).
- Trading vs TSX: Est. Up ≥ 53.60 · Est. Down < 42.07.
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 (Utilities; no Focus List weight; recommended for 2.5% positions). Benchmarks: S&P/TSX Composite (20 pts) and ZUT.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).
