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Intact Financial (IFC-T, Monday’s close: $277.10) traded in a narrow range between $188 and $207 for approximately one year (dashed lines). On January 30, 2024 ($210.01), we identified a breakout from this range and established initial targets of $240 and $260. Shortly thereafter, the stock entered a long-term uptrend, supported by its rising 40-week Moving Average (40wMA). The advance ultimately carried the stock to a high of $317.35 in June 2025 (A).
In August 2025, Intact Financial fell below its 40wMA, signaling the end of that up-leg (B). The stock then traded within a declining parallel channel for approximately nine months (dotted lines). Its recent breakout above the upper boundary of this channel suggests the uptrend may be resuming (C). Only a sustained decline below the $260–265 area would negate the current bullish outlook.
A sustained move above $286–287 would signal Point & Figure targets of $315 and $340. Additional upside targets may emerge if the advance continues.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart, courtesy of www.LSEG.com