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The S&P/TSX Composite was largely unchanged for the trading week ending with Friday’s close, falling .1 per cent. Year to date the benchmark is 11.1 per cent lower.

Relative Strength Index (RSI) leaves the index in the lower end of neutral technical territory with a 35 reading, closer to the oversold buy signal of 30 than the overbought RSI sell signal of 70.

There are 41 oversold, technically attractive benchmark companies this week, trading below the 30 buy signal. Utilities stocks dominate the top portion of the oversold list which starts with TranAalta Renewables Inc., Algonquin Power and Utilities Corp., Canadian Utilities Ltd., Fortis Inc. and Bank of Nova Scotia.

There are no overbought, technically vulnerable benchmark stocks trading above the 70 sell signal this week, thanks to recent weaker markets. There are also no index constituents showing strong price momentum by hitting new 52-week highs.

There are 18 stocks making new 52-week lows and they 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-5.10-24.79 77,650,715,174
TRP-TTC ENERGY CORP-4.57-1.44 58,216,743,261
BCE-TBCE INC-5.74-8.14 53,667,314,311
GWO-TGREAT-WEST LIFECO INC-1.75-17.96 27,935,915,932
FTS-TFORTIS INC-6.60-11.68 25,308,468,563
POW-TPOWER CORP OF CANADA-2.41-22.26 20,977,032,062
MG-TMAGNA INTERNATIONAL INC-3.70-34.62 19,268,140,217
EMA-TEMERA INC-7.59-8.68 15,062,598,218
AQN-TALGONQUIN POWER & UTILITIES-9.69-14.06 10,370,203,686
CTC-A-TCANADIAN TIRE CORP-CLASS A-1.91-16.94 9,167,070,439
EMP-A-TEMPIRE CO LTD 'A'-3.40-9.82 8,992,144,948
RNW-TTRANSALTA RENEWABLES INC-6.94-18.78 3,941,577,455
PBH-TPREMIUM BRANDS HOLDINGS CORP-3.74-31.30 3,778,265,642
GOOS-TCANADA GOOSE HOLDINGS INC-6.66-55.16 2,235,194,610
CJT-TCARGOJET INC-0.20-32.58 1,975,831,625
LB-TLAURENTIAN BANK OF CANADA-3.03-23.50 1,287,913,729
ECN-TECN CAPITAL CORP-4.19-13.96 1,123,688,778
ASTL-TALGOMA STEEL GROUP INC-12.49-33.39 953,500,561

Oversold stocks on the TSX

OVERSOLD STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
RNW-TTRANSALTA RENEWABLES INC9.6314.7617.46-6.94-18.7828.6619.92
AQN-TALGONQUIN POWER & UTILITIES9.7715.3618.13-9.69-14.0622.4614.66
CU-TCANADIAN UTILITIES LTD-A16.5536.2038.24-8.921.4113.3815.71
FTS-TFORTIS INC18.7352.8760.31-6.60-11.6820.3118.00
BNS-TBANK OF NOVA SCOTIA20.8165.2483.36-5.10-24.797.697.71
ACO-X-TATCO LTD -CLASS I21.4442.8044.27-6.272.5612.2512.19
HR-UN-TH&R REAL ESTATE INV-REIT UTS22.1010.4312.83-5.31-15.407.7914.31
PBH-TPREMIUM BRANDS HOLDINGS CORP22.3384.67106.01-3.74-31.3020.4914.75
TRP-TTC ENERGY CORP22.3357.5367.00-4.57-1.4413.5813.75
CJR/B-TCORUS ENTERTAINMENT INC-B SH22.722.384.26-2.48-47.943.434.27
CHR-TCHORUS AVIATION INC23.442.343.55-11.03-29.52#N-A N-A3.66
EMA-TEMERA INC23.7356.3761.18-7.59-8.6814.3018.23
NPI-TNORTHLAND POWER INC23.9840.9439.88-3.879.0335.0922.36
POW-TPOWER CORP OF CANADA24.5231.3337.20-2.41-22.2610.527.73
LB-TLAURENTIAN BANK OF CANADA24.5229.6740.32-3.03-23.506.135.90
AIF-TALTUS GROUP LTD25.1444.6851.64-3.69-36.2960.5424.60
MRE-TMARTINREA INTERNATIONAL INC25.278.559.54-9.42-24.4129.974.06
BEP-UN-TBROOKFIELD RENEWABLE PARTNER25.3943.0246.37-8.03-2.21#N-A N-A#N-A N-A
BCE-TBCE INC26.0358.8966.27-5.74-8.1416.8917.27
INE-TINNERGEX RENEWABLE ENERGY26.1117.5418.38-4.52-3.73190.10#N-A N-A
NWH-UN-TNORTHWEST HEALTHCARE PROPERT26.5010.7113.06-4.26-19.5710.81#N-A N-A
CPX-TCAPITAL POWER CORP26.8646.9843.95-5.6523.3819.2814.83
WTE-TWESTSHORE TERMINALS INVESTME27.0626.6830.63-1.576.6116.3016.77
EIF-TEXCHANGE INCOME CORP27.6441.9143.75-2.682.4319.4510.23
CIGI-TCOLLIERS INTERNATIONAL GROUP27.64127.77159.16-6.13-32.7134.9411.71
SIA-TSIENNA SENIOR LIVING INC27.7911.7914.08-2.98-17.55172.33#N-A N-A
EMP-A-TEMPIRE CO LTD 'A'27.9834.2640.10-3.40-9.8214.2311.44
GEI-TGIBSON ENERGY INC28.0622.5024.65-2.302.6421.5516.15
CAE-TCAE INC28.3921.1130.570.14-33.5932.2919.17
ECN-TECN CAPITAL CORP28.504.585.81-4.19-13.96#N-A N-A11.63
MFI-TMAPLE LEAF FOODS INC28.6220.5327.13-0.34-27.8138.4117.98
BB-TBLACKBERRY LTD28.756.558.50-5.52-44.92#N-A N-A#N-A N-A
TOY-TSPIN MASTER CORP-SUB VTG SHR29.0441.8745.11-3.19-13.1710.3513.93
CFP-TCANFOR CORP29.0719.9526.38-0.40-37.272.116.27
BAM-A-TBROOKFIELD ASSET MANAGE-CL A29.1557.1465.95-5.14-25.42188.7314.70
BIP-UN-TBROOKFIELD INFRASTRUCTURE PA29.3049.8651.82-7.92-0.8644.3957.67
CJT-TCARGOJET INC29.33113.11154.57-0.20-32.5810.0116.98
LNR-TLINAMAR CORP29.3455.2260.42-9.29-27.4210.476.93
AP-UN-TALLIED PROPERTIES REAL ESTAT29.3527.4939.00-1.77-35.5034.90#N-A N-A
OTEX-TOPEN TEXT CORP29.6536.5051.42-0.87-38.0616.168.22
CCA-TCOGECO COMMUNICATIONS INC29.9372.0395.12-3.23-26.827.797.95

Source: Bloomberg

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