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A tough week for markets saw the S&P/TSX Composite drop another 4.6 per cent for the trading week ending with Friday’s close. The benchmark now sits 11.0 per cent lower for 2022.

The index is not quite officially oversold according to Relative Strength Index (RSI). The current reading of 31 is just above the oversold buy signal of 30.

There are 50 stocks, more than 20 per cent of the index, that are oversold this week and the 25 most oversold are listed in the table below. The top 10, in order, are Transalta Renewables Inc., Corus Entertainment Inc., H&R REIT, Cargojet Inc., Northwest Healthcare Properties REIT, CAE Inc., Superior Plus Corp., Canfor Corp., Maple Leaf Foods Inc. and Algonquin Power and Utilities Corp.

There are, unsurprisingly given market weakness, no stocks trading in overbought territory above the RSI sell signal of 70. There are also no S&P/TSX Composite constituents showing strong price momentum by hitting new 52-week highs. The companies making new 52-week lows are ranked by market capitalization in the table below.

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
BNS-TBANK OF NOVA SCOTIA-2.84-20.7582,584,973,833
SLF-TSUN LIFE FINANCIAL INC-4.23-18.8932,392,636,957
FNV-TFRANCO-NEVADA CORP-1.15-10.7029,716,140,143
POW-TPOWER CORP OF CANADA-4.45-20.3421,673,793,117
MG-TMAGNA INTERNATIONAL INC-6.55-32.1119,663,892,477
OTEX-TOPEN TEXT CORP-2.85-37.529,937,458,778
EMP-A-TEMPIRE CO LTD 'A'-2.95-6.649,337,340,412
CHP-UN-TCHOICE PROPERTIES REIT-5.89-11.829,291,333,651
CTC-A-TCANADIAN TIRE CORP-CLASS A-4.97-15.329,250,639,233
TIH-TTOROMONT INDUSTRIES LTD-5.40-15.537,845,000,398
CAR-UN-TCAN APARTMENT PROP REAL ESTA-5.18-29.587,175,305,368
CAE-TCAE INC-8.83-33.696,724,842,143
QBR-B-TQUEBECOR INC -CL B-2.05-4.986,212,186,566
REI-UN-TRIOCAN REAL ESTATE INVST TR-6.65-16.175,780,812,020
PKI-TPARKLAND CORP-3.56-11.454,671,729,746
GRT-UN-TGRANITE REAL ESTATE INVESTME-7.45-33.304,492,446,748
SRU-UN-TSMARTCENTRES REAL ESTATE INV-6.90-15.704,457,238,464
RNW-TTRANSALTA RENEWABLES INC-5.65-12.734,192,429,371
FTT-TFINNING INTERNATIONAL INC-7.99-22.833,700,130,590
AP-UN-TALLIED PROPERTIES REAL ESTAT-9.56-34.343,563,163,996
CRT-UN-TCT REAL ESTATE INVESTMENT TR-6.86-9.293,526,538,837
CCA-TCOGECO COMMUNICATIONS INC-3.89-24.373,419,508,704
HR-UN-TH&R REAL ESTATE INV-REIT UTS-10.03-10.663,030,354,250
DIR-UN-TDREAM INDUSTRIAL REAL ESTATE-6.50-34.412,983,262,946
MX-TMETHANEX CORP-10.09-20.462,760,943,651
NWH-UN-TNORTHWEST HEALTHCARE PROPERT-7.09-16.002,663,013,302
MFI-TMAPLE LEAF FOODS INC-9.33-27.562,588,420,131
CRR-UN-TCROMBIE REAL ESTATE INVESTME-6.97-18.312,475,940,755
CFP-TCANFOR CORP-11.91-37.022,473,666,686
TLRY-TTILRAY BRANDS INC-12.97-58.632,256,074,557
CSH-UN-TCHARTWELL RETIREMENT RESIDEN-6.07-15.932,227,528,128
CWB-TCANADIAN WESTERN BANK-6.67-35.532,108,958,564
PXT-TPAREX RESOURCES INC-11.26-11.262,098,930,062
SPB-TSUPERIOR PLUS CORP-6.25-19.462,027,205,469
CJT-TCARGOJET INC-11.75-32.451,937,198,530
KMP-UN-TKILLAM APARTMENT REAL ESTATE-7.81-32.821,773,564,292
IIP-UN-TINTERRENT REAL ESTATE INVEST-7.10-33.121,626,910,548
EQB-TEQB INC-5.10-31.261,594,028,969
LB-TLAURENTIAN BANK OF CANADA-5.57-21.101,339,923,633
ECN-TECN CAPITAL CORP-6.29-10.201,167,752,973
AX-UN-TARTIS REAL ESTATE INVESTMENT-9.86-16.181,121,976,108
DPM-TDUNDEE PRECIOUS METALS INC-4.77-27.481,077,146,201
ASTL-TALGOMA STEEL GROUP INC-7.96-23.881,071,957,968
SIL-TSILVERCREST METALS INC-10.34-33.20977,409,344
SIA-TSIENNA SENIOR LIVING INC-7.14-15.02890,832,000
PLC-TPARK LAWN CORP-4.30-41.15826,630,825
TXG-TTOREX GOLD RESOURCES INC-5.04-34.14743,407,377
CF-TCANACCORD GENUITY GROUP INC-7.50-52.88685,372,703
EDR-TENDEAVOUR SILVER CORP-10.28-33.08678,870,868
IMG-TIAMGOLD CORP-13.92-65.48651,387,883
CJR-B-TCORUS ENTERTAINMENT INC-B SH-8.68-46.61485,917,806

Oversold stocks on the TSX

OVERSOLD STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
RNW-TTRANSALTA RENEWABLES INC16.3515.7117.56-5.65-12.7330.5021.20
CJR-B-TCORUS ENTERTAINMENT INC-B SH17.142.424.32-8.68-46.613.504.35
HR-UN-TH&R REAL ESTATE INV-REIT UTS18.6711.0312.87-10.03-10.668.2315.13
CJT-TCARGOJET INC20.22111.82155.87-11.75-32.459.9016.25
NWH-UN-TNORTHWEST HEALTHCARE PROPERT20.2911.1413.14-7.09-16.0011.25#N-A N-A
CAE-TCAE INC21.4421.1630.80-8.83-33.6932.3719.22
SPB-TSUPERIOR PLUS CORP21.5510.0511.85-6.25-19.4630.3625.13
CFP-TCANFOR CORP22.0320.1926.63-11.91-37.022.136.33
MFI-TMAPLE LEAF FOODS INC22.5220.7127.34-9.33-27.5638.7517.92
AQN-TALGONQUIN POWER & UTILITIES23.6316.9718.18-3.19-4.8324.8316.21
SIA-TSIENNA SENIOR LIVING INC23.8212.2214.15-7.14-15.02178.62#N-A N-A
AX-UN-TARTIS REAL ESTATE INVESTMENT24.279.6912.12-9.86-16.186.027.34
AP-UN-TALLIED PROPERTIES REAL ESTAT24.3828.0039.41-9.56-34.3435.55#N-A N-A
IFP-TINTERFOR CORP24.9325.1934.15-12.78-37.821.786.14
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD24.967.267.88-10.813.13#N-A N-A18.76
LB-TLAURENTIAN BANK OF CANADA25.1031.0040.53-5.57-21.106.406.17
OTEX-TOPEN TEXT CORP25.3836.8352.01-2.85-37.5216.318.30
REAL-TREAL MATTERS INC25.404.795.75-15.82-42.291.2083.54
CSH-UN-TCHARTWELL RETIREMENT RESIDEN25.439.6011.74-6.07-15.93#N-A N-A#N-A N-A
CIGI-TCOLLIERS INTERNATIONAL GROUP26.13134.86160.49-8.58-28.3136.8912.17
SRU-UN-TSMARTCENTRES REAL ESTATE INV26.5926.0530.10-6.90-15.7015.0212.90
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI26.9516.7320.04-7.31-27.4226.59#N-A N-A
CWB-TCANADIAN WESTERN BANK26.9922.6832.08-6.67-35.536.156.10
MX-TMETHANEX CORP27.1439.3757.21-10.09-20.464.476.96
D-UN-TDREAM OFFICE REAL ESTATE INV27.2116.4123.00-7.81-31.405.33#N-A N-A

Source: Bloomberg

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