Skip to main content

Stantec Inc. rallied from about $14 in 2012 to $38 in 2014 (not shown) above its rising 40-week Moving Average (40wMA). Subsequently, it settled in a huge multiyear trading range mostly between $29 and $37 (dashed lines). The stock had a major breakout from this trading range at the beginning of this year and reached a high of $42.31 (A) but with the recent market weakness, the stock gave back all these gains as it fell to ±$31 (B).

However, Stantec found support near its rising 40wMA and appears to be resuming the up-trend (C). Only a decline below $32-33 would cancel the current up-side potential.

Point & Figure measurements provide targets of $46 and $49. Higher targets are visible.

Open this photo in gallery:


Monica Rizk is the senior Technical Analyst and Ron Meisels is the president of Phases & Cycles Inc. ( And he tweets at @Ronsbriefs. They may hold shares in companies profiled.

Chart source:

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an editorial error

Report a technical issue

Editorial code of conduct

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 24/05/24 4:00pm EDT.

SymbolName% changeLast
Stantec Inc

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe