The most oversold and overbought stocks on the TSX

The S&P/TSX Composite jumped 2.5 per cent for the trading week ending with Friday’s close and is now 22.6 per cent higher for 2021.

The benchmark’s Relative Strength Index (RSI) of 68 leaves it very close to overbought territory, bumping up against the RSI sell signal of 70.

There are four technically attractive, oversold index stocks this week with RSIs below the buy signal of 30. Cogeco Communications Inc. is the most oversold index member joined by Saputo Inc., Transcontinental Inc. and Hexo Corp.

There are 32 benchmark stocks trading at technically vulnerable levels with RSIs above the 70 sell signal. The 10 most overbought companies are Enerflex Ltd., Enerplus Corp., Canadian Natural Resources lTD., Secure Energy Services Inc., Whitecap Resources Inc., MEG Energy Corp., First Quantum Minerals Ltd., Parex Resources Inc., Baytex Energy Corp and Chemtrade Logistics income Fund.

There are 21 S&P/TSX Composite companies showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization below. Brookfield Asset Management Inc. is the largest stock making new highs, followed by Enbridge Inc., Bank of Montreal, TC Energy Group, Canadian Natural Resources and Sun Life Financial Inc..

Only one stock, Saputo, hitting 52-week lows.

Stocks jumping to 52-week highs

		Return 1W %	Return YTD %	Market Cap
BAM-A-T	BROOKFIELD ASSET MANAGE-CL A	3.49	40.31	113,178,993,831
ENB-T	ENBRIDGE INC	2.19	36.57	107,101,677,160
BMO-T	BANK OF MONTREAL	1.51	41.09	85,947,753,330
TRP-T	TC ENERGY CORP	6.87	33.92	65,195,069,953
CNQ-T	CANADIAN NATURAL RESOURCES	5.66	77.34	62,883,785,147
SLF-T	SUN LIFE FINANCIAL INC	0.96	25.39	40,416,567,081
NA-T	NATIONAL BANK OF CANADA	1.40	45.49	34,589,871,807
L-T	LOBLAW COMPANIES LTD	2.45	48.75	31,122,006,800
IMO-T	IMPERIAL OIL LTD	0.61	81.22	30,235,424,230
PPL-T	PEMBINA PIPELINE CORP	3.73	48.74	23,404,925,350
WN-T	WESTON (GEORGE) LTD	0.98	46.28	20,559,014,025
TECK-B-T	TECK RESOURCES LTD-CLS B	8.68	57.38	19,439,547,801
TIH-T	TOROMONT INDUSTRIES LTD	2.44	24.54	9,140,692,485
GRT-UN-T	GRANITE REAL ESTATE INVESTME	3.66	25.75	6,251,849,187
BYD-T	BOYD GROUP SERVICES INC	3.71	18.14	5,582,770,440
ATZ-T	ARITZIA INC-SUBORDINATE VOTI	14.42	87.01	5,533,892,303
CWB-T	CANADIAN WESTERN BANK	1.50	40.96	3,422,594,453
MEG-T	MEG ENERGY CORP	6.09	146.74	3,367,960,665
ERF-T	ENERPLUS CORP	3.14	193.77	2,991,138,665
BEI-UN-T	BOARDWALK REAL ESTATE INVEST	2.68	52.89	2,593,421,358
MTL-T	MULLEN GROUP LTD	7.06	34.72	1,358,338,410

Stocks falling to 52-week lows

		Return 1W %	Return YTD %	Market Cap
SAP-T	SAPUTO INC	-0.93	-11.76	12,787,830,069

Overbought and oversold stocks on the TSX

	OVERSOLD STOCKS	RSI	Price	200DMA	Return 1W %	Return YTD %	PE Ratio TTM	PE Ratio Fwd
CCA-T	COGECO COMMUNICATIONS INC	21.52	107.54	115.17	-3.12	12.10	12.84	10.83
SAP-T	SAPUTO INC	25.11	30.92	36.65	-0.93	-11.76	23.71	18.75
TCL-A-T	TRANSCONTINENTAL INC-CL A	25.73	19.54	22.65	0.10	0.37	9.84	8.68
HEXO-T	HEXO CORP	29.44	2.15	6.61	0.00	-53.96	#N-A N-A	#N-A N-A
	OVERBOUGHT STOCKS	RSI	Price	200DMA	Return 1W %	Return YTD %	PE Ratio TTM	PE Ratio Fwd
EFX-T	ENERFLEX LTD	85.11	10.94	8.08	10.52	66.14	19.11	17.27
ERF-T	ENERPLUS CORP	81.13	11.69	7.17	3.14	193.77	37.22	4.73
CNQ-T	CANADIAN NATURAL RESOURCES	79.63	53.22	39.95	5.66	77.34	19.27	8.42
SES-T	SECURE ENERGY SERVICES INC	79.54	5.83	3.97	8.02	136.64	#N-A N-A	145.75
WCP-T	WHITECAP RESOURCES INC	78.61	7.77	5.72	1.73	61.51	2.66	7.17
MEG-T	MEG ENERGY CORP	78.51	11.00	7.38	6.09	146.74	37.49	8.07
FM-T	FIRST QUANTUM MINERALS LTD	77.21	29.80	26.25	17.25	30.90	58.34	12.36
PXT-T	PAREX RESOURCES INC	76.91	25.76	21.22	1.59	46.91	12.01	6.14
BTE-T	BAYTEX ENERGY CORP	76.27	3.83	1.83	1.60	453.62	10.43	9.10
CHE-UN-T	CHEMTRADE LOGISTICS INCOM FD	75.31	8.13	7.01	9.05	47.58	#N-A N-A	#N-A N-A
PSI-T	PASON SYSTEMS INC	75.30	9.90	8.80	8.83	27.18	1455.58	24.86
FRU-T	FREEHOLD ROYALTIES LTD	75.20	11.86	8.32	0.78	131.78	86.14	15.46
IMO-T	IMPERIAL OIL LTD	74.79	43.31	33.61	0.61	81.22	#N-A N-A	7.93
ATZ-T	ARITZIA INC-SUBORDINATE VOTI	74.47	49.06	33.57	14.42	87.01	56.19	38.45
CVE-T	CENOVUS ENERGY INC	74.17	14.49	10.18	2.63	87.07	44.60	8.60
SU-T	SUNCOR ENERGY INC	73.87	29.56	26.10	1.04	39.62	21.17	7.72
TRP-T	TC ENERGY CORP	73.49	66.59	59.65	6.87	33.92	15.04	15.96
CWB-T	CANADIAN WESTERN BANK	73.27	39.28	33.82	1.50	40.96	11.38	10.76
SLF-T	SUN LIFE FINANCIAL INC	72.55	68.99	64.02	0.96	25.39	12.80	11.03
ELD-T	ELDORADO GOLD CORP	72.22	11.89	13.16	13.30	-29.28	40.14	16.87
HBM-T	HUDBAY MINERALS INC	72.14	9.12	8.60	13.20	4.18	#N-A N-A	11.14
BEI-UN-T	BOARDWALK REAL ESTATE INVEST	72.06	50.87	40.69	2.68	52.89	#N-A N-A	#N-A N-A
NTR-T	NUTRIEN LTD	72.01	87.87	73.45	0.82	47.46	28.53	11.08
PPL-T	PEMBINA PIPELINE CORP	71.94	42.59	37.90	3.73	48.74	19.88	17.97
BYD-T	BOYD GROUP SERVICES INC	71.70	260.19	229.83	3.71	18.14	86.74	59.99
ENB-T	ENBRIDGE INC	71.64	52.86	47.41	2.19	36.57	22.47	17.76
FEC-T	FRONTERA ENERGY CORP	71.05	8.50	6.34	7.04	165.11	#N-A N-A	#N-A N-A
NA-T	NATIONAL BANK OF CANADA	70.62	102.44	88.91	1.40	45.49	12.01	11.56
TA-T	TRANSALTA CORP	70.62	13.89	11.96	1.24	45.66	#N-A N-A	52.61
TECK-B-T	TECK RESOURCES LTD-CLS B	70.38	36.48	27.75	8.68	57.38	23.99	6.10
FTT-T	FINNING INTERNATIONAL INC	70.37	34.50	31.73	4.77	29.25	19.57	16.91
LUN-T	LUNDIN MINING CORP	70.29	10.78	12.11	15.17	-1.99	10.46	8.40

Source: Bloomberg

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Symbol	Name	% change	Last
TCL-A-T	Transcontinental Inc Cl A Sv	+1.18%	13.7
SAP-T	Saputo Inc	-1.46%	27.76
CCA-T	Cogeco Communications Inc	-0.71%	56.22
ENB-T	Enbridge Inc	-0.04%	50.04
BMO-T	Bank of Montreal	+0.79%	129.63
SLF-T	Sun Life Financial Inc	+0.36%	70.37
ERF-T	Enerplus Corp	+0.48%	27.2
BTE-T	Baytex Energy Corp	+1.28%	4.75
PXT-T	Parex Resources Inc	+0.3%	23.22
CNQ-T	Canadian Natural Resources Ltd.	+1.67%	104.9
FM-T	First Quantum Minerals Ltd	+7.53%	19.43
WCP-T	Whitecap Resources Inc	+1.16%	10.48
SES-T	Secure Energy Services Inc	+1.51%	11.42
MEG-T	Meg Energy Corp	+0.76%	30.52
EFX-T	Enerflex Ltd	+2.89%	7.11

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Stocks jumping to 52-week highs

Stocks falling to 52-week lows

Overbought and oversold stocks on the TSX

Tickers mentioned in this story

The Globe’s stars and dogs for the week

Dividend investing has lost its mojo. Here’s why – and how to adapt

Pathetic returns: $10,000 invested in bonds five years ago was worth $10,079 this week

CIBC’s Benjamin Tal was one of the few to correctly predict the BoC’s rate moves so far this year. Here is what he’s forecasting now

If you don’t already own BCE shares, now’s the time to buy

Follow related authors and topics

Interact with The Globe