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The S&P/TSX Composite climbed another 1.4 per cent for the trading week ending with Friday’s close and stands 24.3 per cent higher for 2021 so far.

According to Relative Strength Index (RSI), the benchmark as a whole is now overbought and vulnerable to a short-term pullback. The index RSI reading of 74 is well into overbought territory, above the sell signal of 70.

There are only four TSX members trading with attractive, oversold RSIs below the buy signal of 30. Shaw Communications Inc. is the most oversold company in the index, and it’s joined on the list by Great-West Lifeco Inc., Cogeco Communications Inc. and Transcontinental Inc..

There are 38 benchmark stocks trading at oversold levels with RSIs above the 70 sell signal this week.

The top 10 most overbought companies are Boardwalk REIT, Finning International Inc., Stantec Inc., Canadian National Railway Co., Granite REIT, Sun Life Financial Inc., Canadian Natural Resources, Summit Industrial income REIT, Onex Corp. and MEG Energy Corp.

There are an enormous number of S&P/TSX Composite members, 35, showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization below. The five largest stocks hitting new highs are Royal Bank, Toronto-Dominion Bank, Canadian National Railway Co., Brookfield Asset Management Inc. and Bank of Montreal.

There are no index stocks making new lows.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
RY-TROYAL BANK OF CANADA1.9730.99187,571,746,453
TD-TTORONTO-DOMINION BANK2.4628.85162,306,935,482
CNR-TCANADIAN NATL RAILWAY CO10.4421.24118,528,596,955
BAM-A-TBROOKFIELD ASSET MANAGE-CL A3.8045.63117,601,395,973
BMO-TBANK OF MONTREAL2.1044.0687,904,498,261
TRP-TTC ENERGY CORP2.4637.2166,281,980,852
CNQ-TCANADIAN NATURAL RESOURCES0.8478.8363,462,869,054
CSU-TCONSTELLATION SOFTWARE INC3.6636.0547,553,793,320
SLF-TSUN LIFE FINANCIAL INC2.0027.8941,055,031,691
NA-TNATIONAL BANK OF CANADA1.6647.9134,809,329,266
L-TLOBLAW COMPANIES LTD2.0151.7331,994,491,615
IMO-TIMPERIAL OIL LTD0.7982.6631,059,772,673
WN-TWESTON (GEORGE) LTD0.4446.9220,654,916,131
WSP-TWSP GLOBAL INC4.2942.3520,048,318,315
GFL-TGFL ENVIRONMENTAL INC-SUB VT5.4737.8816,967,371,689
TFII-TTFI INTERNATIONAL INC7.20124.9413,629,885,662
TIXT-TTELUS INTERNATIONAL CDA INC8.78#N-A N-A13,078,447,179
IGM-TIGM FINANCIAL INC3.4445.1311,560,349,642
FSV-TFIRSTSERVICE CORP3.5343.5811,243,871,238
ONEX-TONEX CORPORATION8.1334.968,754,977,587
CIGI-TCOLLIERS INTERNATIONAL GROUP3.0557.907,930,314,118
STN-TSTANTEC INC11.9566.877,572,956,098
ALA-TALTAGAS LTD3.1248.267,497,054,358
GRT-UN-TGRANITE REAL ESTATE INVESTME3.7330.436,431,167,828
FTT-TFINNING INTERNATIONAL INC9.6641.746,061,255,477
TCN-TTRICON RESIDENTIAL INC0.9255.804,801,911,678
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI5.6877.604,161,576,416
MEG-TMEG ENERGY CORP6.10161.803,613,349,420
PSK-TPRAIRIESKY ROYALTY LTD2.4659.263,592,909,085
CWB-TCANADIAN WESTERN BANK0.5341.713,432,179,111
CRR-UN-TCROMBIE REAL ESTATE INVESTME1.6434.933,003,771,373
BEI-UN-TBOARDWALK REAL ESTATE INVEST7.9665.062,803,533,567
ECN-TECN CAPITAL CORP2.2371.852,669,499,067
KMP-UN-TKILLAM APARTMENT REAL ESTATE3.7938.112,524,986,369
MTL-TMULLEN GROUP LTD0.5635.481,365,974,888

Overbought and oversold stocks

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
SJR-B-TSHAW COMMUNICATIONS INC-B23.5035.0032.78-2.0464.5219.3323.70
GWO-TGREAT-WEST LIFECO INC23.6837.2235.58-2.8926.3510.3310.87
CCA-TCOGECO COMMUNICATIONS INC29.49107.34115.420.4712.6312.8210.81
TCL-A-TTRANSCONTINENTAL INC-CL A30.5119.5522.62-0.150.229.848.72
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
BEI-UN-TBOARDWALK REAL ESTATE INVEST86.1055.0441.167.9665.06#N-A N-A#N-A N-A
FTT-TFINNING INTERNATIONAL INC82.9437.8031.959.6641.7421.4418.23
STN-TSTANTEC INC79.3968.1155.3511.9566.8733.1426.16
CNR-TCANADIAN NATL RAILWAY CO79.03167.01139.5210.4421.2429.5425.53
GRT-UN-TGRANITE REAL ESTATE INVESTME78.4497.7882.683.7330.4357.69#N-A N-A
SLF-TSUN LIFE FINANCIAL INC78.0970.1564.332.0027.8913.0111.22
CNQ-TCANADIAN NATURAL RESOURCES77.6453.5840.460.8478.8319.418.79
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI77.5923.7217.195.6877.6035.92#N-A N-A
ONEX-TONEX CORPORATION77.4497.6384.088.1334.964.31#N-A N-A
MEG-TMEG ENERGY CORP76.6011.767.556.10161.8040.098.87
BTE-TBAYTEX ENERGY CORP76.334.191.928.64501.4511.418.73
TRP-TTC ENERGY CORP75.9267.7060.032.4637.2115.2916.05
NA-TNATIONAL BANK OF CANADA75.02103.2089.681.6647.9112.1011.64
BTO-TB2GOLD CORP74.945.475.5810.04-22.4810.498.57
EFX-TENERFLEX LTD74.7810.908.18-1.7663.2219.0417.27
CIX-TCI FINANCIAL CORP74.7527.8521.425.0582.509.858.46
RY-TROYAL BANK OF CANADA74.67131.64121.061.9730.9912.4011.88
ERF-TENERPLUS CORP74.3712.027.350.43195.0438.275.02
CP-TCANADIAN PACIFIC RAILWAY LTD73.7094.0791.744.397.3219.5222.61
IGM-TIGM FINANCIAL INC73.6848.3942.153.4445.1313.7311.75
ATZ-TARITZIA INC-SUBORDINATE VOTI73.6049.5334.182.8292.2856.7338.82
BAM-A-TBROOKFIELD ASSET MANAGE-CL A73.2274.9260.683.8045.63154.7232.92
ALA-TALTAGAS LTD73.1726.7523.413.1248.2618.5318.12
FRU-TFREEHOLD ROYALTIES LTD73.1111.988.471.20134.5787.0115.66
CVE-TCENOVUS ENERGY INC72.8414.8110.340.4987.9845.598.33
SJ-TSTELLA-JONES INC72.3746.2846.399.170.2210.7916.85
BMO-TBANK OF MONTREAL72.02135.76118.502.1044.0611.7010.86
IMO-TIMPERIAL OIL LTD71.4044.3534.040.7982.66#N-A N-A8.12
CWB-TCANADIAN WESTERN BANK71.3339.4034.080.5341.7111.4210.79
IMG-TIAMGOLD CORP71.233.643.764.72-23.98#N-A N-A21.17
TA-TTRANSALTA CORP71.1214.3012.072.3049.00#N-A N-A37.34
SES-TSECURE ENERGY SERVICES INC70.975.864.05-0.52135.41#N-A N-A234.20
TD-TTORONTO-DOMINION BANK70.9689.0482.852.4628.8510.4111.54
TFII CN EquityTFI INTERNATIONAL INC70.89146.11111.707.20124.9431.7021.95
PVG-TPRETIUM RESOURCES INC70.8614.6912.982.72-4.1129.5415.88
WSP-TWSP GLOBAL INC70.60170.66137.894.2942.3542.0133.87
CIGI-TCOLLIERS INTERNATIONAL GROUP70.47179.93142.473.0557.9038.5228.16
ELD-TELDORADO GOLD CORP70.1612.1613.010.08-29.2241.0516.66

Source: Bloomberg

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