The most oversold and overbought stocks on the TSX

The S&P/TSX Composite rose another 0.7 per cent for the trading week ending with Friday’s close and stands 5.9 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 66 leaves it in the higher reaches of technical neutral territory, far closer to the overbought sell signal of 70 than the technically attractive, oversold range below the RSI buy signal of 30.

There are no index constituents trading at oversold levels below the RSI buy signal this week. There are 20 overbought, technically vulnerable stocks led by Chartwell Retirement Residences, Dream Industrial REIT, Parex Resources Inc., Great-West Lifeco Inc. and Endeavour Mining PLC

There are seven stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The largest companies making new highs are Constellation Software Inc., Yamana Gold Inc. and Alamos Gold Inc.

There are no companies making new 52-week lows.

Stocks jumping to 52-week highs

		Return 1W %	Return YTD %	Market Cap
CSU-T	CONSTELLATION SOFTWARE INC	2.77	9.99	49,273,485,980
YRI-T	YAMANA GOLD INC	0.37	9.18	7,889,838,636
AGI-T	ALAMOS GOLD INC-CLASS A	1.56	9.28	5,883,404,861
PSK-T	PRAIRIESKY ROYALTY LTD	1.71	6.73	5,531,497,159
SES-T	SECURE ENERGY SERVICES INC	4.16	14.08	2,486,192,221
DPM-T	DUNDEE PRECIOUS METALS INC	17.11	36.71	1,714,955,489
PD-T	PRECISION DRILLING CORP	4.89	10.40	1,552,451,113

Overbought 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
CSH-UN-T	CHARTWELL RETIREMENT RESIDEN	80.88	9.68	10.26	5.68	14.69	#N/A N/A	#N/A N/A
DIR-UN-T	DREAM INDUSTRIAL REAL ESTATE	78.61	13.65	12.54	4.92	16.77	15.30	#N/A N/A
PXT-T	PAREX RESOURCES INC	77.56	22.89	22.06	6.61	13.60	4.41	3.14
GWO-T	GREAT-WEST LIFECO INC	74.35	34.36	32.14	0.88	9.78	1.56	9.64
EDV-T	ENDEAVOUR MINING PLC	74.15	33.02	27.82	2.39	13.94	55.71	18.66
CSU-T	CONSTELLATION SOFTWARE INC	73.50	2325.15	2026.47	2.77	9.99	50.09	32.54
MX-T	METHANEX CORP	73.33	60.69	53.43	1.51	18.40	7.09	16.02
BEI-UN-T	BOARDWALK REAL ESTATE INVEST	72.42	53.50	48.95	3.56	8.23	7.01	#N/A N/A
SES-T	SECURE ENERGY SERVICES INC	72.07	8.02	6.53	4.16	14.08	12.79	11.59
IIP-UN-T	INTERRENT REAL ESTATE INVEST	71.94	14.05	12.71	-0.99	9.77	8.55	#N/A N/A
WPM-T	WHEATON PRECIOUS METALS CORP	71.79	60.47	49.61	1.43	14.31	29.45	39.85
HCG-T	HOME CAPITAL GROUP INC	71.44	42.58	31.24	0.66	0.00	11.21	8.64
CLS-T	CELESTICA INC	71.22	17.38	13.91	-0.17	13.89	11.10	6.56
EFX-T	ENERFLEX LTD	71.15	9.96	7.35	2.89	16.63	#N/A N/A	9.43
CIX-T	CI FINANCIAL CORP	70.73	15.89	14.73	4.13	17.62	6.71	4.94
GRT-UN-T	GRANITE REAL ESTATE INVESTME	70.71	79.40	78.75	4.85	14.94	19.73	#N/A N/A
ARE-T	AECON GROUP INC	70.61	10.70	11.82	1.52	17.45	59.07	18.35
OTEX-T	OPEN TEXT CORP	70.49	44.26	44.77	1.33	10.32	41.95	10.46
CAR-UN-T	CAN APARTMENT PROP REAL ESTA	70.17	47.63	45.26	0.78	11.60	14.11	20.27
BBD-B-T	BOMBARDIER INC-B	70.0273	62.27	34.9238	7.584658	19.13143	#N/A N/A	41.77099871

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

Overbought stocks on the TSX

Tickers mentioned in this story

This TSX industrial dividend stock is up 42% this year. Here’s why its CEO expects strong growth ahead

Three ways to prepare financially for the next black swan event, pandemic or otherwise

Walmart vs. Target: Investors should pick this giant U.S. retailer

The Globe’s stars and dogs for the week

Norman Rothery: Portfolios for dividend and value investors

Your Globe

Follow the author of this article: