The most oversold and overbought stocks on the TSX

The S&P/TSX Composite fell 1.4 per cent for the trading week ending with Friday’s close to sit 11.5 per cent lower for 2022. In terms of technical analysis, the Relative Strength Index (RSI) of 41 leaves the benchmark in the lower end of neutral territory, closer to the oversold buy signal of 30 than the overbought RSI sell signal of 70.

There are 26 index constituents trading in the attractive technical range below the RSI buy signal of 30. The five most oversold stocks are TransAlta Renewables Inc., Brookfield Renewable Partners LP, Cogeco Communications Inc., Innergex Renewable Energy Inc. and Blackberry Ltd.

There are no benchmark stocks trading at overbought levels above the 70 sell signal this week.

Two stocks are showing strong price momentum by hitting new 52-week highs – Element Fleet Management Corp. and Winpak Ltd. There are 14 stocks hitting new 52-week lows and they are ranked by market capitalization in the table below.

Stocks jumping to 52-week highs

		Return 1W %	Return YTD %	Market Cap
EFN-T	ELEMENT FLEET MANAGEMENT COR	6.87	38.91	6,983,289,349
WPK-T	WINPAK LTD	5.49	28.42	3,097,250,000

Stocks falling to 52-week lows

		Return 1W %	Return YTD %	Market Cap
BAM-A-T	BROOKFIELD ASSET MANAGE-CL A	-5.24	-30.53	88,334,994,994
BEP-UN-T	BROOKFIELD RENEWABLE PARTNER	-7.50	-12.52	18,521,504,016
QBR-B-T	QUEBECOR INC -CL B	-2.73	-13.79	5,685,120,328
NVEI-T	NUVEI CORP-SUBORDINATE VTG	-8.21	-56.24	5,347,946,257
PKI-T	PARKLAND CORP	-5.16	-16.10	4,506,109,895
RNW-T	TRANSALTA RENEWABLES INC	-5.84	-28.97	3,501,252,282
BB-T	BLACKBERRY LTD	-11.92	-53.13	3,354,786,327
CCA-T	COGECO COMMUNICATIONS INC	-3.40	-34.28	3,019,831,828
INE-T	INNERGEX RENEWABLE ENERGY	-9.19	-19.56	2,996,436,342
CIX-T	CI FINANCIAL CORP	-4.04	-51.63	2,427,544,900
CSH-UN-T	CHARTWELL RETIREMENT RESIDEN	-2.16	-24.28	2,058,143,177
SSL-T	SANDSTORM GOLD LTD	-4.46	-17.62	1,950,028,013
WTE-T	WESTSHORE TERMINALS INVESTME	-3.39	-1.59	1,562,468,525
PLC-T	PARK LAWN CORP	-0.68	-43.29	796,986,603

Oversold stocks on the TSX

	NAME	RSI 14D	PX LAST	MOV_AVG_200D	LAST_CLOSE_TRR_1WK	LAST_CLOSE_TRR_YTD	PE_RATIO	BEST_PE_RATIO
RNW-T	TRANSALTA RENEWABLES INC	16.41	12.85	17.25	-5.84	-28.97	24.95	17.34
BEP-UN-T	BROOKFIELD RENEWABLE PARTNER	17.19	38.83	46.22	-7.50	-12.52	#N-A N-A	#N-A N-A
CCA-T	COGECO COMMUNICATIONS INC	20.12	65.07	93.79	-3.40	-34.28	7.04	7.19
INE-T	INNERGEX RENEWABLE ENERGY	20.57	14.57	18.28	-9.19	-19.56	157.91	72.85
BB-T	BLACKBERRY LTD	21.81	5.77	8.25	-11.92	-53.13	#N-A N-A	#N-A N-A
AQN-T	ALGONQUIN POWER & UTILITIES	23.56	14.50	17.99	-3.39	-18.90	21.09	13.79
BIP-UN-T	BROOKFIELD INFRASTRUCTURE PA	24.28	46.07	51.74	-3.86	-8.86	40.80	53.00
CPX-T	CAPITAL POWER CORP	24.49	42.48	44.19	-5.46	10.78	17.43	13.30
CU-T	CANADIAN UTILITIES LTD-A	24.52	34.14	38.19	-2.71	-4.86	12.61	14.73
CSH-UN-T	CHARTWELL RETIREMENT RESIDEN	24.97	8.67	11.58	-2.16	-24.28	#N-A N-A	#N-A N-A
H-T	HYDRO ONE LTD	25.59	31.33	34.00	-4.61	-3.46	18.32	19.24
WTE-T	WESTSHORE TERMINALS INVESTME	26.36	24.70	30.66	-3.39	-1.59	15.09	17.21
BLX-T	BORALEX INC -A	26.36	38.83	40.39	-5.45	11.94	64.01	39.87
TA-T	TRANSALTA CORP	26.85	11.11	13.42	-5.07	-21.89	#N-A N-A	18.93
QBR-B-T	QUEBECOR INC -CL B	26.95	24.00	28.71	-2.73	-13.79	9.49	8.73
CCO-T	CAMECO CORP	27.10	30.35	31.86	-19.50	7.03	244.92	67.00
ACO-X-T	ATCO LTD -CLASS I	27.23	40.62	44.23	-2.21	-2.88	11.62	11.53
ECN-T	ECN CAPITAL CORP	28.12	4.14	5.79	-5.56	-23.19	#N-A N-A	10.47
MRE-T	MARTINREA INTERNATIONAL INC	28.42	8.38	9.43	-4.84	-26.98	29.37	3.96
ZZZ-T	SLEEP COUNTRY CANADA HOLDING	28.75	22.65	28.51	-0.67	-39.16	7.94	7.38
NPI-T	NORTHLAND POWER INC	28.83	38.10	39.97	-2.41	1.59	32.66	20.81
WCN-T	WASTE CONNECTIONS INC	29.05	174.63	169.27	-3.17	0.86	40.72	31.68
NWH-UN-T	NORTHWEST HEALTHCARE PROPERT	29.20	10.31	12.92	0.00	-23.06	10.41	#N-A N-A
BAM-A-T	BROOKFIELD ASSET MANAGE-CL A	29.33	53.54	65.09	-5.24	-30.53	175.91	13.39
EMA-T	EMERA INC	29.46	53.23	60.81	-2.24	-14.53	13.51	17.25
CJR-B-T	CORUS ENTERTAINMENT INC-B SH	29.58	2.30	4.16	-2.17	-50.36	3.32	4.12

Source: Bloomberg

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Stocks jumping to 52-week highs

Stocks falling to 52-week lows

Oversold stocks on the TSX

Tickers mentioned in this story