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The S&P/TSX Composite rose an impressive 1.5 per cent for the trading week ending with Friday’s close but its up only 1.2 per cent for the year.

Relative Strength Index (RSI) leaves the benchmark in the higher end of technically neutral territory with a 56 reading that is closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.

Both the oversold and overbought lists of benchmark members is long this week which implies a more bifurcated market than usual. There are 20 oversold, technically attractive TSX stocks. The five most oversold companies are, in order, Martinrea International Inc., Linamar Corp., Altus Group Ltd., Enghouse Systems Ltd. and Aritzia Inc.

There are 38 overbought, technically vulnerable S&P/TSX Composite stocks this week. The top five most extended stocks are Labrador Iron Ore Royalty Co., Nutrien Ltd., Dream Office REIT, Pembina Pipeline Corp. and MEG Energy Corp.

There are 39 index members, a lot more than usual, demonstrating strong price momentum by making new 52-week highs. They are sorted by market capitalization in the table below. Enbridge Inc. is the largest stock hitting new highs, followed by Canadian Natural Resources Ltd., TC Energy Corp., Nutrien Ltd., and BCE Inc.

The list of companies hitting new 52-week lows is also sizeable at 21 members. The largest stocks are Shopify Inc., Magna International Inc.,  Bausch Health Companies Ltd., BRP Inc. and Lightspeed Commerce Inc.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
ENB-TENBRIDGE INC5.2117.03115,720,523,959
CNQ-TCANADIAN NATURAL RESOURCES7.9140.3988,077,806,880
TRP-TTC ENERGY CORP7.5721.9370,629,419,023
NTR-TNUTRIEN LTD17.2027.1869,133,065,144
BCE-TBCE INC5.968.1164,611,599,222
SU-TSUNCOR ENERGY INC7.0027.9358,658,459,083
ABX-TBARRICK GOLD CORP7.4328.6454,429,736,422
T-TTELUS CORP3.5912.4545,676,154,263
CVE-TCENOVUS ENERGY INC5.1031.6641,482,003,288
IMO-TIMPERIAL OIL LTD6.2129.5839,840,816,732
L-TLOBLAW COMPANIES LTD5.022.3035,450,106,154
RCI-B-TROGERS COMMUNICATIONS INC-B3.7113.3334,759,861,469
TECK-B-TTECK RESOURCES LTD-CLS B12.7644.8028,094,341,253
FM-TFIRST QUANTUM MINERALS LTD4.8227.1626,761,495,038
WPM-TWHEATON PRECIOUS METALS CORP6.489.5426,727,215,075
PPL-TPEMBINA PIPELINE CORP8.8121.5925,553,842,200
WN-TWESTON (GEORGE) LTD7.201.5521,897,274,986
MRU-TMETRO INC/CN3.553.8816,843,328,810
WCP-TWHITECAP RESOURCES INC6.8434.046,412,565,535
YRI-TYAMANA GOLD INC4.5924.256,296,551,817
MEG-TMEG ENERGY CORP13.7255.906,014,578,611
SSRM-TSSR MINING INC6.1719.115,591,965,505
CPG-TCRESCENT POINT ENERGY CORP8.6940.895,562,146,247
ERF-TENERPLUS CORP10.9029.274,384,571,962
VET-TVERMILION ENERGY INC9.0257.424,378,340,544
POU-TPARAMOUNT RESOURCES LTD -A7.8620.514,265,035,735
PSK-TPRAIRIESKY ROYALTY LTD5.7827.664,226,807,790
PVG-TPRETIUM RESOURCES INC4.286.573,600,874,050
BTE-TBAYTEX ENERGY CORP3.6851.413,472,731,286
CS-TCAPSTONE MINING CORP24.2635.843,136,492,650
TPZ-TTOPAZ ENERGY CORP9.2817.422,975,035,660
BEI-UN-TBOARDWALK REAL ESTATE INVEST4.456.082,951,758,179
TVE-TTAMARACK VALLEY ENERGY LTD10.3042.312,443,209,551
FRU-TFREEHOLD ROYALTIES LTD9.8929.932,308,043,930
WDO-TWESDOME GOLD MINES LTD12.6938.142,240,595,254
PEY-TPEYTO EXPLORATION & DEV CORP9.8325.332,050,144,344
WTE-TWESTSHORE TERMINALS INVESTME2.5915.141,953,401,945
NWC-TNORTH WEST CO INC/THE4.4610.081,801,507,548
D-UN-TDREAM OFFICE REAL ESTATE INV4.3611.491,317,827,645

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
SHOP-TSHOPIFY INC - CLASS A-11.08-56.1093,700,803,434
MG-TMAGNA INTERNATIONAL INC-17.77-21.8722,888,482,636
BHC-TBAUSCH HEALTH COS INC-6.01-16.8010,192,381,697
DOO-TBRP INC/CA- SUB VOTING-8.69-25.036,689,464,880
LSPD-TLIGHTSPEED COMMERCE INC-14.69-44.054,118,487,917
LNR-TLINAMAR CORP-11.97-21.583,759,488,036
BYD-TBOYD GROUP SERVICES INC-4.21-21.613,323,895,631
GOOS-TCANADA GOOSE HOLDINGS INC-9.60-34.513,191,859,054
WEED-TCANOPY GROWTH CORP-11.76-27.263,098,183,400
SJ-TSTELLA-JONES INC-2.93-3.252,455,077,458
AIF-TALTUS GROUP LTD-5.35-33.132,121,289,234
ENGH-TENGHOUSE SYSTEMS LTD-16.10-28.051,966,591,210
DND-TDYE & DURHAM LTD-5.03-38.111,876,769,868
LEV-TLION ELECTRIC CO/THE-6.84-23.761,816,425,927
LWRK-TLIFEWORKS INC-10.54-9.121,586,628,316
CRON-TCRONOS GROUP INC-10.64-19.081,496,061,245
NFI-TNFI GROUP INC-7.16-13.621,352,950,601
MTY-TMTY FOOD GROUP INC-5.09-22.171,193,173,849
BDGI-TBADGER INFRASTRUCTURE SOLUTI-12.74-16.42906,651,419
ACB-TAURORA CANNABIS INC-12.08-38.39884,864,760
MRE-TMARTINREA INTERNATIONAL INC-15.74-26.43646,955,115

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
MRE-TMARTINREA INTERNATIONAL INC19.718.2211.67-15.74-26.4316.997.35
LNR-TLINAMAR CORP20.9458.2572.68-11.97-21.587.839.32
AIF-TALTUS GROUP LTD21.7447.4461.72-5.35-33.1350.8724.86
ENGH-TENGHOUSE SYSTEMS LTD22.0734.7752.68-16.10-28.0520.6221.36
ATZ-TARITZIA INC-SUBORDINATE VOTI22.6244.0044.46-10.00-15.2839.6628.57
CIGI-TCOLLIERS INTERNATIONAL GROUP23.40158.38167.02-10.88-16.0653.9317.73
CCL-B-TCCL INDUSTRIES INC - CL B23.9657.6667.44-3.46-15.6317.3916.90
MG-TMAGNA INTERNATIONAL INC25.0078.76104.85-17.77-21.8711.259.80
POW-TPOWER CORP OF CANADA25.3338.4541.28-2.18-7.518.129.06
DOO-TBRP INC/CA- SUB VOTING25.5882.77105.07-8.69-25.037.278.12
PBH-TPREMIUM BRANDS HOLDINGS CORP26.33111.04127.30-6.51-12.0137.6321.15
REAL-TREAL MATTERS INC26.915.1310.87-6.68-37.711.1914.83
BYD-TBOYD GROUP SERVICES INC27.34157.45218.45-4.21-21.6169.6356.75
GWO-TGREAT-WEST LIFECO INC27.9236.5538.00-2.91-2.1720.149.75
SHOP-TSHOPIFY INC - CLASS A29.61762.941668.61-11.08-56.10168.49190.80
ONEX-TONEX CORPORATION29.6283.7991.57-3.14-15.824.17#N-A N-A
LSPD-TLIGHTSPEED COMMERCE INC30.1728.9889.06-14.69-44.05#N-A N-A#N-A N-A
ACB-TAURORA CANNABIS INC30.264.288.43-12.08-38.39#N-A N-A#N-A N-A
STN-TSTANTEC INC30.6162.1063.06-2.88-12.7928.8220.80
SPB-TSUPERIOR PLUS CORP30.7311.3014.11-0.09-12.29#N-A N-A19.28
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
LIF-TLABRADOR IRON ORE ROYALTY CO84.9050.6541.6210.3333.178.6413.34
NTR-TNUTRIEN LTD83.71124.8284.0217.2027.1816.708.28
D-UN-TDREAM OFFICE REAL ESTATE INV82.4027.0823.474.3611.4913.93#N-A N-A
PPL-TPEMBINA PIPELINE CORP81.9546.4740.118.8121.5917.5917.80
MEG-TMEG ENERGY CORP80.3419.4310.6113.7255.90109.308.07
OGC-TOCEANAGOLD CORP79.292.752.3018.9725.4516.929.50
SSL-TSANDSTORM GOLD LTD79.229.918.5612.3529.0051.3751.45
TECK-B-TTECK RESOURCES LTD-CLS B79.2052.5333.6412.7644.809.686.64
TRP-TTC ENERGY CORP78.8772.0662.547.5721.9316.4716.97
T-TTELUS CORP78.6733.1828.893.5912.4531.0626.95
NWC-TNORTH WEST CO INC/THE78.2737.5735.164.4610.0814.1414.44
ERO-TERO COPPER CORP77.5020.3422.2714.335.805.917.79
BCE-TBCE INC77.3070.8764.095.968.1122.0821.08
WDO-TWESDOME GOLD MINES LTD77.0315.7811.8912.6938.1440.7321.55
CNQ-TCANADIAN NATURAL RESOURCES75.8475.6450.647.9140.3913.3310.86
FNV-TFRANCO-NEVADA CORP75.78204.43178.637.7015.0947.2444.13
OR-TOSISKO GOLD ROYALTIES LTD75.5717.2415.7411.1912.3429.0731.12
EMP-A-TEMPIRE CO LTD 'A'75.1142.1339.346.2910.0319.3514.50
ENB-TENBRIDGE INC73.9557.2150.445.2117.0320.2718.94
VET-TVERMILION ENERGY INC73.8126.6513.199.0257.426.71#N-A N-A
FRU-TFREEHOLD ROYALTIES LTD73.7815.3810.869.8929.936.1718.20
LUN-TLUNDIN MINING CORP73.7212.8910.8110.3531.689.498.85
ABX-TBARRICK GOLD CORP73.6230.7325.177.4328.6421.3822.47
WCN-TWASTE CONNECTIONS INC73.58171.86159.729.17-0.3247.8036.65
CG-TCENTERRA GOLD INC73.3412.719.787.1229.642.7410.93
WTE-TWESTSHORE TERMINALS INVESTME73.1730.8824.022.5915.1417.2316.63
AQN-TALGONQUIN POWER & UTILITIES72.4818.7518.553.372.3533.7819.63
SSRM-TSSR MINING INC72.1126.3321.176.1719.1111.8117.03
NPI-TNORTHLAND POWER INC71.6941.1539.817.118.1260.9333.13
PVG-TPRETIUM RESOURCES INC71.3019.1614.714.286.5742.2916.10
EMA-TEMERA INC71.1861.9258.823.88-1.5515.6920.30
BEP-UN-TBROOKFIELD RENEWABLE PARTNER71.1648.1146.637.475.16#N-A N-A#N-A N-A
YRI-TYAMANA GOLD INC70.886.605.444.5924.2521.8117.72
IMO-TIMPERIAL OIL LTD70.7359.5642.266.2129.5817.329.08
RCI-B-TROGERS COMMUNICATIONS INC-B70.6968.6062.173.7113.3319.4717.35
TXG-TTOREX GOLD RESOURCES INC70.6016.5014.205.3027.006.368.75
SU-TSUNCOR ENERGY INC70.0240.8430.037.0027.9315.279.04
MAG-TMAG SILVER CORP70.0222.3422.695.0913.57228.4153.07

Source: Bloomberg

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