Great-West Lifeco Nears Its Recent High: A Breakout or Another Rejection?

by SIACharts.com

Great-West Lifeco is testing resistance near its recent high at $96.17, with its latest Point & Figure signal showing a Double Top. A move above this level would bring the next resistance at $104.10 into focus. On the downside, 3-box reversal support is at $87.11, followed by further support at $77.35.

The shares hold the 11th position in the SIA S&P/TSX Capped Composite Index Report, having climbed 13 spots over the past month while remaining five spots below their position a quarter ago. An SIA SMAX Score of 9/10 indicates strength relative to the broader asset classes.

The sector backdrop also provides context for the stock’s recent improvement. Insurance ranks fourth out of 31 sectors in the SIA Sector Report and is in the Favored category, having risen 11 positions over the past month and nine positions over the past quarter.

Great-West Lifeco has gained 0.60% over the past month, declined 1.12% over the past quarter and advanced 36.64% year to date. Over the same periods, the benchmark iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has gained 0.37%, declined 0.98% and advanced 14.31%, respectively. The shares have outperformed the benchmark over the past month and year to date, while lagging slightly over the quarter.

With a high SMAX score, an improving monthly relative strength ranking and Insurance in the Favored category, the test of $96.17 is a key technical development to monitor. The response at this level may help clarify whether price strength can extend alongside the recent improvement in relative strength.

Great-West Lifeco is a financial services holding company operating in the United States, Canada and Europe under the Empower, Canada Life and Irish Life brands. Together, these businesses provide wealth, retirement, group benefits, insurance and risk solutions to approximately 40 million customer relationships. As of June 30, 2026, total client assets were $3.7 trillion. The company trades on the Toronto Stock Exchange under the symbol GWO.

 

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