WPM.TO
Wheaton Precious Metals
$164.54
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
CFL alternative · entry card
APPENDIX · WPM.TO · TECHNICAL TRADING SCORECARD
Scores · Trend 28.2
| RS vs TSX (20) + sector (10) | 4.6 + 2.3 = 6.9 / 30 |
| Structure (6 checks) | 10 / 30 |
| Score = (RS + structure) × 100/60 | 28.2 / 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) 0/4 · ✖ 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) 5/5
Weekly raw states: 09-25 Up → 10-02 Up → 10-09 Up → 10-16 Up → 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 23.1
| RS (S&P 20 + sector 10) | 0.0 + 0.0 / 30 |
| Structure | 3 / 25 |
| Coppock (daily) — negative & falling | 2.5 / 25 |
| Band position | 17.6 / 20 |
| Raw | 23.1 (Established Down) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 23.1 Established Down |
| ✖ Close above 50-day SMA 0/5 · ✖ 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) 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 (WPM.TO close needed) |
|---|
| Trend · TSX | 4 Early Down (−) → | -12.98% | -13.04% | Est. Up ≥ 189.77 (+15.3%) · Est. Down < 142.23 |
| Trend · XGD.TO | 4 Early Down (−) → | -1.66% | -1.74% | Est. Up ≥ 165.98 (+0.9%) · Est. Down < 156.24 |
| Trading · TSX | 5 Established Down (−) → | -5.81% | -2.55% | Early Up ≥ 174.49 · Est. Down < 173.56 |
| Trading · XGD.TO | 5 Established Down (−) → | -0.56% | -0.18% | Est. Up ≥ 182.87 (+11.1%) · Early Up ≥ 165.58 · Est. Down < 164.70 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 164.54)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 184.75–187.01 | +12.3% to +13.7% | 40-wk SMA 184.75 · wk high 05-29 185.36 · 200-day SMA 185.57 · wk high 06-19 186.62 · wk low 10-02 187.01 |
| R2 | 175.88–176.83 | +6.9% to +7.5% | 50% 175.88 · wk low 02-06 176.83 |
| R1 | 168.30–170.16 | +2.3% to +3.4% | wk low 05-08 168.30 · wk low 05-22 169.49 · wk high ’25-12-26 170.16 |
| S1 | 160.44–163.89 | -0.4% to -2.5% | 61.8% 163.89 · wk high ’25-10-17 160.44 |
| S2 | 155.67–158.88 | -3.4% to -5.4% | wk high ’25-10-03 158.88 · wk low 01-02 157.26 · wk low 03-20 155.67 |
| S3 | 148.91–153.08 | -7.0% to -9.5% | wk high ’25-11-14 153.08 · wk high ’25-09-12 150.50 · wk low 06-12 148.91 |
| ATH | 226.68 | +37.8% | 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 < 160.44 (-2.5%): trading downgrades one state, re-anchor to S2 155.67–158.88.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 155.67 (-5.4%): trend downgrades one state, re-anchor to S3 148.91–153.08.
- Trend vs TSX: Est. Up ≥ 189.77 (+15.3%) · above its 16-wk avg ≥ 189.77 · Est. Down < 142.23 (-13.6%) (next Friday, benchmark flat).
- Trading vs TSX: Early Up ≥ 174.49 · Est. Down < 173.56.
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 (Basic Materials; no Focus List weight; recommended for 2.5% positions). Benchmarks: S&P/TSX Composite (20 pts) and XGD.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).
