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The S&P/TSX Composite fell 0.6 per cent for the trading week ending with Fridays’ close to sit 3.3 lower year to date. The benchmark’s Relative Strength Index (RSI) of 61 leaves it in the upper reaches of technically neutral territory, much closer to the overbought RSI sell signal of 70 than the oversold, attractive buy signal of 30.

The are three index companies trading below the RSI buy signal of 30 this week. Algonquin Power and Utilities Corp. is the most oversold stock, followed by Spin Master Corp. and ECN Capital Corp.

There are 14 stocks trading in the technically vulnerable range above the RSI Sell signal of 70. The five most overbought companies are Shawcor Ltd., Restaurant Brands International Inc., Chemtrade Logistics Income Fund, Enerflex Ltd. and Summit Industrial Income REIT.

There are six index constituents showing strtrong price momentum by hitting new 52-week highs and they are ranked by market capitalization below. The three largest companies making new highs are Restaurant Brands International, CGI Inc. and Fairfax Financial Holdings Ltd..

There is one stock making new 52-week lows and that is Altagas Ltd.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
QSR-TRESTAURANT BRANDS INTERN10.9520.0340,164,279,988
GIB-A-TCGI INC0.822.1327,167,183,024
FFH-TFAIRFAX FINANCIAL HLDGS LTD1.8422.5619,724,390,047
MRU-TMETRO INC/CN6.3415.7318,142,032,310
EFN-TELEMENT FLEET MANAGEMENT COR1.1546.497,316,578,222
AGI-TALAMOS GOLD INC-CLASS A1.3623.834,681,782,835

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
AQN-TALGONQUIN POWER & UTILITIES22.1610.2817.48-16.69-41.4510.1410.66
TOY-TSPIN MASTER CORP-SUB VTG SHR25.8032.2844.29-3.64-32.577.9713.88
ECN-TECN CAPITAL CORP27.413.125.57-5.17-41.26#N/A N/A9.60
OVERBOUGHT STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
SCL-TSHAWCOR LTD80.0111.906.6419.00142.36161.507.46
QSR-TRESTAURANT BRANDS INTERN77.5289.3872.5310.9520.0324.6422.44
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD77.188.927.922.5328.47#N/A N/A14.79
EFX-TENERFLEX LTD75.868.517.179.5212.24#N/A N/A9.54
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI74.8022.4019.391.82-2.2830.39#N/A N/A
MRU-TMETRO INC/CN74.0676.6770.106.3415.7321.0218.19
AFN-TAG GROWTH INTERNATIONAL INC73.3442.3735.996.3535.5029.5114.88
MRE-TMARTINREA INTERNATIONAL INC73.2411.739.292.893.7011.635.21
SJ-TSTELLA-JONES INC72.9846.6238.220.4518.3912.7711.58
NA-TNATIONAL BANK OF CANADA71.6397.3992.610.654.119.9510.25
RY-TROYAL BANK OF CANADA70.81132.70130.230.772.6812.0711.50
CHP-UN-TCHOICE PROPERTIES REIT70.5514.3214.251.63-1.567.56#N/A N/A
OR-TOSISKO GOLD ROYALTIES LTD70.5417.0014.75-1.2811.0826.6336.09
IMG-TIAMGOLD CORP70.132.392.68-2.45-39.34#N/A N/A#N/A N/A

Source: Bloomberg

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