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The S&P/TSX Composite fell 0.7 per cent for the trading week ending with Friday’s close and now stands 6.6 per cent higher for 2023. The index’s Relative Strength Index (RSI) of 57 leaves it in the upper end of the technically neutral range – closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.

There are six benchmark constituents trading with attractive oversold RSI readings below the buy signal. Northland Power is the most oversold stock, followed by MAG Silver Corp., Magna International Inc., Trisura Group Ltd., First Majestic Silver Corp. and SSR Mining.

There are no overbought, technically vulnerable index members this week.

There are two TSX stocks showing string price momentum by hitting new 52-week highs – CGI Inc and Saputo Inc. There are three companies making new lows – Northland Power Inc., Transcontinental Inc. and Cronos Group Inc.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
GIB-A-TCGI INC1.466.1029,514,492,169.12
SAP-TSAPUTO INC4.0910.8915,606,640,716.03

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
NPI-TNORTHLAND POWER INC-3.02-9.798,350,579,723.80
TCL-A-TTRANSCONTINENTAL INC-CL A-2.85-2.521,273,312,174.72
CRON-TCRONOS GROUP INC-10.68-12.501,145,232,148.97

Oversold stocks on the TSX

RSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
NPI-TNORTHLAND POWER INC22.7133.4039.61-3.02-9.7918.6321.27
MAG-TMAG SILVER CORP26.8117.2118.23-6.52-18.6346.5224.03
MG-TMAGNA INTERNATIONAL INC28.7872.1677.68-19.40-5.1313.2010.73
TSU-TTRISURA GROUP LTD28.8138.1737.91-9.38-15.7222.8519.95
FR-TFIRST MAJESTIC SILVER CORP29.339.7610.86-5.15-13.48#N-A N-A#N-A N-A
SSRM-TSSR MINING INC29.6719.4321.44-10.58-8.3110.4117.01

Source: Bloomberg

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 24/05/24 4:00pm EDT.

SymbolName% changeLast
MAG Silver Corp
Magna International Inc
Trisura Group Ltd
Ssr Mining Inc
First Majestic Silver Corp Common
CGI Group Inc Cl A Sv
Saputo Inc
Northland Power Inc
Transcontinental Inc Cl A Sv
Cronos Group Inc

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