Based on the 15-minute chart of Perma-Pipe, the Bollinger Bands have recently narrowed and the stock has exhibited a bearish Marubozu pattern on September 4, 2025 at 15:00. This suggests that the magnitude of price fluctuations is decreasing, and sellers are currently in control of the market. As a result, it is likely that the bearish momentum will continue.
The stock of Scully Royalty Ltd (SRL) has been under scrutiny due to recent technical signals and moving average trends. According to Intellectia.ai's analysis [1], SRL has several negative signals and is within a falling trend, indicating a potential weak performance in the near future.
The stock price ended at $5.76 on Monday, August 4, 2025, after rising 0.61% from the previous day's close of $5.97. Throughout the trading session, SRL experienced a fluctuation of 7.57%, ranging from a day low of $5.55 to a day high of $5.97. Over the past 10 days, the stock has declined in 6 out of 10 trading days, resulting in a total change of -7.10%. The trading volume increased by -1.13K shares on Monday, which could serve as an early warning of potential risk.
Technical signals for SRL indicate a bearish outlook. As of August 5, 2025, SRL has 1 buy signal and 3 sell signals, with the current trend being a downtrend starting from June 11, 2025. The moving average analysis also leans bearish, with the SMA_20 below the SMA_60, signaling a strong bearish trend. Resistance levels at $6.43 and $6.73, and support levels at $5.45 and $5.15, are expected to influence the stock's movement.
Short selling activity also suggests a bearish trend. The short sale ratio of SRL as of August 1, 2025, is 4.87%, indicating that short sellers anticipate further declines in the stock's price.
In conclusion, the technical indicators and moving averages point to a weak performance for SRL in the near future. Investors should be cautious and monitor the stock closely for potential changes in trend.
References:
[1] https://intellectia.ai/stock/SRL/forecast
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