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The S&P/TSX Composite plummeted 6.5 per cent for the trading week ending with Friday close and now sits 9.7 per cent lower for 2022. Relative Strength Index (RSI) leaves the benchmark as a whole oversold as its 26 reading is well below the RSI buy signal of 30.

There are over 60 oversold, technically attractive index constituents by RSI this week and the 25 most oversold are listed in the table below. The top five are Dream Office REIT, AltaGas Ltd., Tricon Residential Inc., Canadian Western Bank and Summit Industrial REIT.

There are no benchmark stocks trading in overbought territory above the RSI sell signal of 70. Saputo Inc. is closest with an RSI of 62.

There are no S&P/TSX Composite stocks showing strong price momentum by making new 52-week highs. There are, however, 21 companies hitting new lows and they are ranked by market capitalization in the table below.

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
RY-TROYAL BANK OF CANADA-3.13-5.61174,781,372,350
MFC-TMANULIFE FINANCIAL CORP-5.88-8.5941,280,024,786
GWO-TGREAT-WEST LIFECO INC-5.45-17.2428,474,931,234
POW-TPOWER CORP OF CANADA-6.70-20.7321,958,435,583
AQN-TALGONQUIN POWER & UTILITIES-6.84-6.5911,403,846,138
CHP-UN-TCHOICE PROPERTIES REIT-7.16-10.299,578,324,652
TIH-TTOROMONT INDUSTRIES LTD-8.16-13.998,059,945,520
ONEX-TONEX CORPORATION-11.02-34.225,595,980,678
FTT-TFINNING INTERNATIONAL INC-12.08-8.614,491,255,454
PBH-TPREMIUM BRANDS HOLDINGS CORP-4.34-27.804,063,603,540
ATZ-TARITZIA INC-SUBORDINATE VOTI-8.11-37.253,651,713,354
TCN-TTRICON RESIDENTIAL INC-9.88-36.193,368,673,169
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI-8.44-30.423,034,073,538
CWB-TCANADIAN WESTERN BANK-7.52-26.132,410,103,476
IIP-UN-TINTERRENT REAL ESTATE INVEST-5.67-30.201,709,755,862
RUS-TRUSSEL METALS INC-12.55-20.191,653,520,514
HBM-THUDBAY MINERALS INC-10.79-32.251,623,697,261
HCG-THOME CAPITAL GROUP INC-13.81-36.011,058,685,902
TXG-TTOREX GOLD RESOURCES INC-9.51-9.511,021,519,967
CF-TCANACCORD GENUITY GROUP INC-15.26-42.69847,431,292
ARE-TAECON GROUP INC-8.77-19.61816,874,903

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMBEST_PE_RATIO
D-UN-TDREAM OFFICE REAL ESTATE INV16.3619.1124.46-8.43-21.148.49#N/A N/A
ALA-TALTAGAS LTD17.8125.1827.18-13.56-6.0332.1513.42
TCN-TTRICON RESIDENTIAL INC17.9412.3117.89-9.88-36.19#N/A N/A14.67
CWB-TCANADIAN WESTERN BANK20.1826.3236.33-7.52-26.136.946.94
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI21.3016.1721.52-8.44-30.4226.66#N/A N/A
EMA-TEMERA INC21.4657.7160.51-7.17-6.7314.8618.85
RUS-TRUSSEL METALS INC21.7926.2032.65-12.55-20.193.647.24
BEI-UN-TBOARDWALK REAL ESTATE INVEST21.8541.9153.39-10.30-22.969.20#N/A N/A
TRP-TTC ENERGY CORP21.9365.3266.15-10.0512.4314.9415.30
TIH-TTOROMONT INDUSTRIES LTD22.3397.67110.80-8.16-13.9924.6920.76
CCA-TCOGECO COMMUNICATIONS INC22.7090.87104.04-6.77-8.5410.029.77
BHC-TBAUSCH HEALTH COS INC23.359.5829.07-6.54-72.5810.991.75
DIR-UN-TDREAM INDUSTRIAL REAL ESTATE23.6311.9215.96-8.52-29.4814.81#N/A N/A
FTS-TFORTIS INC23.8557.9659.40-7.04-3.3222.3820.34
FEC-TFRONTERA ENERGY CORP24.3010.5610.81-20.543.131.961.33
BCE-TBCE INC24.8261.9366.67-6.38-3.2418.2518.12
ENB-TENBRIDGE INC24.9852.7153.55-9.4010.0918.3417.06
HCG-THOME CAPITAL GROUP INC24.9824.7837.13-13.81-36.015.435.48
PPL-TPEMBINA PIPELINE CORP25.0345.3743.49-12.0221.0315.7116.56
CHP-UN-TCHOICE PROPERTIES REIT25.2013.3514.87-7.16-10.29#N/A N/A#N/A N/A
FTT-TFINNING INTERNATIONAL INC25.2328.7534.78-12.08-8.6112.2010.98
KEY-TKEYERA CORP25.3229.7530.91-13.347.0515.2815.83
CNQ-TCANADIAN NATURAL RESOURCES25.3868.3564.24-16.6230.469.535.79
AQN-TALGONQUIN POWER & UTILITIES25.4316.8818.39-6.84-6.5925.8917.28
TD-TTORONTO-DOMINION BANK25.5086.4494.64-5.65-9.2510.7910.26
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMBEST_PE_RATIO
SAP-TSAPUTO INC61.6814727.64

Source: Bloomberg

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