US and Canadian markets settled this week on a negative note. Two stocks to consider – NOW, FOLGF

Company Overview: NowVertical Group Inc. (TSXV: NOW) is a global data and analytics company focused on helping organizations transform raw data into actionable business value using artificial intelligence. The company provides a comprehensive suite of solutions, including data integration, analytics, and AI-driven insights, enabling clients to make faster, more informed decisions. Falcon Oil & Gas Ltd. (OTC: FOLGF) is an Ireland-based international oil and gas exploration company focused on unconventional resources. Instead of large-scale production, the company concentrates on early-stage exploration and appraisal activities. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks. 

Global Markets Wrap-Up

U.S. equity markets ended the week on a weaker footing, as broad-based selling pressure weighed across sectors. The S&P 500 declined 1.58% to close at 6,477.16, reflecting cautious investor sentiment in large-cap names. The tech-heavy NASDAQ Composite also moved lower, falling 1.11% to 21,408.08. However, small-cap stocks outperformed, with the Russell 2000 gaining 2.25% to settle at 2,493.32.

The S&P/TSX Venture Composite Index declined 0.11% on a week-to-date basis, closing at 910.55, extending its broader downtrend and signalling persistent negative momentum. Strength in the financials and energy sectors offered some near-term support, reflecting pockets of improving investor sentiment. However, these gains were partially offset by weakness across the basic materials, technology, industrials, and consumer non-cyclicals sectors. This mixed sectoral performance continued to weigh on the overall index, limiting upside potential and keeping the broader market tone cautious.

Considering the US and Canadian markets’ performance over the week, following the significant global macros and data front, two stocks that fit the criteria on the technical framework: NowVertical Group Inc. (TSXV: NOW) and Falcon Oil & Gas Ltd. (OTC: FOLGF). The recommendations on these stocks are based on the generic insights, entry price, target prices, and stop-loss for the next 2-6 weeks:

NowVertical Group Inc. (TSXV: NOW)

Noted below are the key price indicators for the stock:

 Price Action Analysis (On the Daily Chart)

On the daily chart, NOW continues to trade above a key horizontal trendline support, reinforcing underlying strength and maintaining a constructive short-term bullish bias. Sustained price action above this support indicates ongoing accumulation and an improving technical structure. Momentum indicators remain supportive, suggesting potential for further upside. Immediate resistance is placed near CAD 0.328, which could act as the next target over the coming 2–6 weeks. A decisive breakout above the key CAD 0.360 level would signal a stronger bullish phase, potentially attracting fresh buying interest and driving an extended near-term rally.

Technical Analysis (On the Daily Chart)

The 14-period Relative Strength Index (RSI) stands at 65.46, indicating stabilising conditions with early signs of strengthening bullish momentum. Robust weekly trading volumes further reinforce the constructive technical outlook, suggesting sustained accumulation and improving investor confidence. Additionally, the price continues to hold above the 21-period Simple Moving Average (SMA), which is acting as a key dynamic support level.

 General Recommendation:

As per the above-mentioned price action and technical indicators analysis,  NowVertical Group Inc. (TSXV: NOW) is looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. The summary of recommendations is as follows:

Falcon Oil & Gas Ltd. (OTC: FOLGF)

Noted below are the key price indicators for the stock:

Price Action Analysis (On the Weekly Chart)

On the weekly chart, FOLGF is holding above a key horizontal support level, indicating improving price stability and a strengthening near-term technical outlook. The successful retest of this breakout zone reinforces a constructive structure and suggests accumulation at higher levels. Initial resistance is placed near USD 0.270, which could be tested over the next 2–6 weeks if momentum builds. A decisive move above USD 0.300 would act as a strong bullish catalyst, potentially attracting fresh buying interest and paving the way for a more sustained upside move.

 Technical Analysis (On the Weekly Chart)

The 14-period Relative Strength Index (RSI) stands at 75.02, indicating strong bullish momentum as buying interest continues to accelerate. Sustained weekly trading volumes further reinforce this trend, highlighting ongoing accumulation and strengthening investor participation. Additionally, the price remains firmly above the 21-period Simple Moving Average (SMA), which continues to act as a reliable dynamic support level.

General Recommendation:

As per the above-mentioned price action and technical indicators analysis, Falcon Oil & Gas Ltd. (OTC: FOLGF) is looking technically well-placed on the chart, and a ‘Speculative Buy’ recommendation has been given on the stock. The summary of recommendations is as follows:

Investment decisions should be made depending on an individual's appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Upcoming Major Global Economic Events 

Market events occur daily depending on the data's frequency and generally include updates on CPI, PPI, Core Retail Sales, Unemployment Data, etc. The upcoming week's major global economic events that could impact the S&P/TSX Venture Composite Index and listed stocks' prices are noted below.

Related Risks: This report may be looked at from a high-risk perspective and recommendation is provided for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc. 

Key Risks: Technical indicators are backward-looking and may generate false or lagged signals, particularly during volatile or changing market conditions. Price trends may also be disrupted by fundamental, macroeconomic, or company-specific developments not captured in charts.  

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing. 

Kalkine reports are prepared based on the stock prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’ 

Note 1: Individuals can consider exiting from the stock if the Target Price or Stop loss mentioned as per the technical analysis has been achieved and subject to the factors discussed above. 

Note 2: How to Read the Charts?

The Green color line reflects the 21-period moving average, while the red color line indicates the 50-period moving average. SMA helps to identify existing price trend. If the prices are trading above the 21-period and 50-period moving average, then it shows prices are currently trading in a bullish trend.

The Black color line in the chart's lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue color bars in the chart's lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volume. Liquidity in stocks helps in easier and faster execution of the order.

The Orange color lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: - 

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock. 

Stop-loss: In general, it is a level to protect further losses in case of unfavorable movement in the stock prices.

Risk Reward Ratio: The risk reward ratio is the difference between an entry point to a stop loss and profit level and the report is based on ~80% Stop Loss of the Target 1 from the entry point.

A trailing stop-loss is a modification of stop-loss in case of favorable movement in the price to protect the gains. Individual can Trail the Stop-Loss as per the levels if the stock price achieves more than 50% of the Target 1. Individual should consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 50% of the Target 1.

The reference date for all price data, currency, technical indicators, support, and resistance levels is March 26, 2026. The reference data in this report has been partly sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

CAD: Canadian Dollar

RSI: Relative Strength Index

USD: United States dollar 

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.