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The S&P/TSX Composite was almost exactly flat for the shorter trading week ending with Friday’s close, rising less that one tenth of a per cent to sit 17.6 per cent higher year to date. Relative Strength Index (RSI) indicates the benchmark is still in the higher range of technically neutral territory, with a reading of 63 that is much closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.

There are three technically attractive index members according to RSI this week, with readings below the 30 buy signal. B2Gold Corp is the most oversold benchmark stock, with Chemtrade Logistics Income Fund and Canadian Utilities Ltd. (A) close behind.

There are 15 overbought index constituents with RSIs above the 70 sell signal this week. Aritzia Inc., Dream Industrial REIT, Summit Industrial Income REIT, Rogers Communications Inc. (B), Descartes Systems Group and Altagas Ltd. are the most technically extended stocks.

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There are 16 index stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization below. The largest companies hitting new highs are Enbridge Inc., Thomson Reuters Corp., Rogers Communications Inc. (B), Loblaw Companies Ltd., George Weston Ltd. and Nuvei Corp.

There is one company, Winpak Ltd., making a new 52-week low.

Stocks jumping to 52-week highs

NAMEReturn 1W %Return YTD %Market Cap
ENB-TENBRIDGE INC1.3527.74101,481,376,889
TRI-TTHOMSON REUTERS CORP1.9919.3961,064,643,517
RCI-B-TROGERS COMMUNICATIONS INC-B2.4613.6933,559,759,163
L-TLOBLAW COMPANIES LTD1.7023.9926,309,592,616
WN-TWESTON (GEORGE) LTD2.1726.8518,191,516,865
NVEI-TNUVEI CORP-SUBORDINATE VTG6.4833.9615,342,664,063
LSPD-TLIGHTSPEED POS INC-SUB VOTE2.9919.0914,312,438,176
TOU-TTOURMALINE OIL CORP5.01109.9210,556,092,755
REI-UN-TRIOCAN REAL ESTATE INVST TR1.0035.657,102,848,728
ATZ-TARITZIA INC-SUBORDINATE VOTI4.0845.294,027,080,984
DIR-UN-TDREAM INDUSTRIAL REAL ESTATE1.0320.553,561,248,270
TCN-TTRICON RESIDENTIAL INC2.9629.073,059,007,315
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI1.7334.373,025,975,601
ECN-TECN CAPITAL CORP3.8048.812,309,772,457
HCG-THOME CAPITAL GROUP INC2.9826.971,939,224,620
TSU-TTRISURA GROUP LTD7.5493.311,758,686,024

Stocks falling to 52-week lows

NAMEReturn 1W %Return YTD %Market Cap
WPK-TWINPAK LTD-2.44-3.562,471,300,000

Oversold and overbought stocks

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
BTO-TB2GOLD CORP27.065.206.810.39-25.768.758.66
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD28.666.876.31-0.8720.42N/AN/A
CU-TCANADIAN UTILITIES LTD-A28.7834.3833.00-2.7912.8518.5516.64
OVERBOUGHT STOCKS
ATZ-TARITZIA INC-SUBORDINATE VOTI81.3836.5827.184.0845.29610.2935.11
DIR-UN-TDREAM INDUSTRIAL REAL ESTATE77.9515.6213.111.0320.5511.70N/A
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI77.2118.0714.311.7334.3728.02N/A
RCI-B-TROGERS COMMUNICATIONS INC-B76.1066.1259.292.4613.6919.2316.47
DSG-TDESCARTES SYSTEMS GRP/THE75.5887.1375.944.3216.84101.4172.74
ALA-TALTAGAS LTD74.4126.2620.280.0443.3619.5816.84
BBD-B-TBOMBARDIER INC-B73.451.410.664.72177.08N/AN/A
EFN-TELEMENT FLEET MANAGEMENT COR72.7915.0013.142.6512.5420.4716.57
RNW-TTRANSALTA RENEWABLES INC72.1621.1119.401.40-1.1931.3227.49
TOY-TSPIN MASTER CORP-SUB VTG SHR72.1347.7033.741.2364.0848.6526.46
ATA-TATS AUTOMATION TOOLING SYS71.3835.6625.040.8357.9053.2022.89
REI-UN-TRIOCAN REAL ESTATE INVST TR70.9822.3918.321.0035.65N/AN/A
OTEX-TOPEN TEXT CORP70.8163.9857.981.8611.6964.5715.79
LSPD-TLIGHTSPEED POS INC-SUB VOTE70.63107.3175.672.9919.09N/AN/A
ECN-TECN CAPITAL CORP70.159.497.153.8048.81220.9714.64

Source: Bloomberg

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