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The S&P/TSX Composite leapt 3.3 per cent during the trading week ending with Friday’s close and is now only 5.9 per cent lower for 2022. Technically speaking, the benchmark’s Relative Strength Index (RSI) of 60 is in the neutral range although closer to the overbought RSI sell signal of 70 than the oversold, technically attractive buy signal of 30.

There are two oversold index constituents this week – Premium Brands Holdings Corp. and NFI Group Inc.

There are eight overbought, technically vulnerable index members this week. In order, these are Bombardier Inc., Restaurant Brands International Inc., Celestica Inc., Imperial Oil Ltd., North West Co. Inc., Canadian Natural Resources Ltd., Prairiesky Royalty Ltd and CAE Inc.

The are six stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the tab le below. The three largest companies making new highs are Alimentation Couche-Tard Inc., Imperial Oil Ltd. and Intact Financial Corp.

There are two stocks hitting new 52-week lows – Park Lawn Corp. and K92 Mining Inc.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
IMO-TIMPERIAL OIL LTD8.5364.0145,762,912,478
IFC-TINTACT FINANCIAL CORP6.0827.9836,303,126,049
PSK-TPRAIRIESKY ROYALTY LTD6.4559.405,081,734,713
DFY-TDEFINITY FINANCIAL CORP4.7338.894,693,654,350

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
PLC-TPARK LAWN CORP-8.47-49.43707,031,724
KNT-TK92 MINING-8.06-12.801,428,820,121

Overbought and oversold stocks on the TSX

PBH-TPREMIUM BRANDS HOLDINGS CORP28.7380.73101.94-0.62-34.7519.5314.43
NFI-TNFI GROUP INC29.419.6314.45-17.05-51.92#N/A N/A#N/A N/A
BBD/B-TBOMBARDIER INC-B77.7739.0531.8812.21-7.02#N/A N/A#N/A N/A
QSR-TRESTAURANT BRANDS INTERN72.1980.6571.664.218.3018.5919.47
CLS-TCELESTICA INC71.4115.0713.8319.606.889.455.58
IMO-TIMPERIAL OIL LTD70.8973.6360.788.5364.017.837.47
NWC-TNORTH WEST CO INC/THE70.8436.0535.162.278.8013.6214.97
CNQ-TCANADIAN NATURAL RESOURCES70.4481.3771.881.6660.248.797.51
PSK-TPRAIRIESKY ROYALTY LTD70.4121.2817.706.4559.4017.1116.68
CAE-TCAE INC70.0125.9429.797.72-18.7139.6824.27

Source: Bloomberg

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