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The S&P/TSX Composite leapt 3.4 per cent during the trading week ending with Friday’s close and is now only 2.8 per cent lower for 2022.

The index’s Relative Strength Index (RSI) of 65 leaves it in the technical neutral range but far closer to the overbought sell signal of 70 than the oversold, technically attractive buy signal at 30.

There are three stocks trading below the 30 buy signal this week – Spin Master Corp., Algonquin Power & Utilities Corp. and ECN Capital Corp.

There are 24 index constituents at overbought levels above the RSI sell signal at 70. The five most overbought stocks are, in order, Finning International Inc., Martinrea International Inc., Altus Group Ltd., Osisko Gold Royalties and Chemtrade Logistics Income Fund.

There are three index members showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The stocks are Alimentation Couche-Tard Inc., Stella-Jones Inc. and Secure Energy Services.

There is one company, Algonquin Power & Utilities, making a new 52-week low.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
ATD-TALIMENTATION COUCHE-TARD INC2.0319.4064,088,102,690
SJ-TSTELLA-JONES INC11.7817.862,785,348,825
SES-TSECURE ENERGY SERVICES INC2.9248.112,405,309,287

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
AQN-TALGONQUIN POWER & UTILITIES-17.13-29.728,336,697,947

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
TOY-TSPIN MASTER CORP-SUB VTG SHR22.1833.5044.62-0.89-30.028.3713.53
AQN-TALGONQUIN POWER & UTILITIES26.5512.3417.67-17.13-29.7212.3112.43
ECN-TECN CAPITAL CORP27.533.295.63-8.36-38.06#N/A N/A10.24
OVERBOUGHT STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
FTT-TFINNING INTERNATIONAL INC78.8732.8831.5012.495.4211.1211.38
MRE-TMARTINREA INTERNATIONAL INC76.1611.409.266.150.7811.315.06
AIF-TALTUS GROUP LTD75.9254.4948.8115.35-22.4847.7828.80
OR-TOSISKO GOLD ROYALTIES LTD75.5417.2214.6813.1412.5226.9836.72
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD75.428.707.8815.6925.30#N/A N/A14.43
IMG-TIAMGOLD CORP75.242.452.7020.69-37.82#N/A N/A#N/A N/A
PSI-TPASON SYSTEMS INC74.7016.1014.432.6141.9816.1011.64
SJ-TSTELLA-JONES INC74.4746.4138.0511.7817.8612.7211.82
CAE-TCAE INC74.4128.8429.4618.68-9.6241.6323.83
BYD-TBOYD GROUP SERVICES INC74.31211.90165.767.246.44101.0544.23
REI-UN-TRIOCAN REAL ESTATE INVST TR74.0221.3421.788.43-3.2715.8412.41
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI73.9322.0019.3722.70-4.0229.85#N/A N/A
MG-TMAGNA INTERNATIONAL INC73.4683.2378.919.10-16.9613.2810.87
SES-TSECURE ENERGY SERVICES INC72.527.766.192.9248.1112.3713.13
NA-TNATIONAL BANK OF CANADA72.0896.7692.723.143.449.8910.10
BBD-B-TBOMBARDIER INC-B72.0542.9231.815.712.19#N/A N/A53.18
AFN-TAG GROWTH INTERNATIONAL INC72.0239.8435.8115.9227.4127.7510.84
GRT-UN-TGRANITE REAL ESTATE INVESTME71.5878.5783.409.77-23.1119.52#N/A N/A
FM-TFIRST QUANTUM MINERALS LTD70.8333.5630.3614.5411.5713.4536.06
TRP-TTC ENERGY CORP70.6164.0266.656.5913.4014.6614.90
EQB-TEQB INC70.5119355.3559.211916.84611-18.459316.2484574695.665881871
MAG-TMAG SILVER CORP70.3312621.4518.227458.3333338.1694458.3695809319.56197611
IVN-TIVANHOE MINES LTD-CL A70.3214311.249.66948.3895858.91472925.3071338626.87950288
MFI-TMAPLE LEAF FOODS INC70.1485123.7125.9272519.86855-17.06917292.954741920.35193133

Source: Bloomberg

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