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The S&P/TSX Composite climbed 0.6 per cent for the trading week ending with Friday’s close and it now stands 1.3 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 37 leaves it in technically neutral territory between the oversold buy signal of 30 and the overbought RSI sell signal of 70.

There are 17 oversold, technically attractive index stocks by RSI this week and REITs are pervasive in the list. Northwest Healthcare Properties REIT is the most oversold company in the benchmark, followed by Allied Properties REIT, Toronto-Dominion Bank, Artis REIT, First Capital REIT, Energy Fuels Inc., CI Financial Corp., Denison Mines Corp., Primaris REIT and Bank of Montreal.

There are six overbought, technically vulnerable index constituents trading with RSIs above 70 – Osisko Mining Inc., Thomson Reuters Corp., Torex Gold Resources Inc., Alamos Gold Inc., Wheaton Precious Metals Corp. and Osisko Gold Royalties.

There are four S&P/TSX Composite stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. Thomson Reuters is the largest company making new highs, followed by Constellation Software Inc., CGI Inc. and Alamos Gold Inc.

Two companies, Allied Properties REIT and Birchcliff Energy Ltd., made new lows.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
TRI-TTHOMSON REUTERS CORP2.2613.4982,773,306,607
GIB-A-TCGI INC1.849.2230,391,980,193
AGI-TALAMOS GOLD INC-CLASS A3.7318.176,357,699,669

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
BIR-TBIRCHCLIFF ENERGY LTD-2.41-16.402,050,357,602

Oversold and overbought stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
NWH-UN-TNORTHWEST HEALTHCARE PROPERT16.808.3710.94-5.21-10.69#N/A N/A11.47
AP-UN-TALLIED PROPERTIES REAL ESTAT19.0223.6929.35-3.66-6.5130.78#N/A N/A
TD-TTORONTO-DOMINION BANK19.4877.6286.83-0.36-10.488.988.57
AX-UN-TARTIS REAL ESTATE INVESTMENT22.197.609.98-3.31-14.7414.595.31
FCR-UN-TFIRST CAPITAL REAL ESTATE IN22.3615.2016.17-1.87-8.8595.6613.22
EFR-TENERGY FUELS INC24.506.838.61-7.58-18.50#N/A N/A12.17
CIX-TCI FINANCIAL CORP26.0512.5414.39-2.56-7.186.843.83
DML-TDENISON MINES CORP26.461.341.59-3.60-13.55#N/A N/A#N/A N/A
PMZ-UN-TPRIMARIS REIT26.6713.2814.04-0.67-8.4711.93#N/A N/A
BMO-TBANK OF MONTREAL26.86116.01127.06-0.91-4.419.658.45
CRR-UN-TCROMBIE REAL ESTATE INVESTME26.9014.4915.82-2.69-7.8127.25#N/A N/A
LIF-TLABRADOR IRON ORE ROYALTY CO28.3031.1031.86-1.08-7.397.488.90
PET-TPET VALU HOLDINGS LTD28.5536.1036.20-1.42-7.7424.4721.59
PSI-TPASON SYSTEMS INC28.6011.6014.571.67-26.528.928.31
IIP-UN-TINTERRENT REAL ESTATE INVEST28.9512.9912.76-0.691.9024.7923.20
SES-TSECURE ENERGY SERVICES INC28.986.086.76-0.82-13.519.098.41
REI-UN-TRIOCAN REAL ESTATE INVST TR29.5819.9520.72-0.60-4.8515.6111.43
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
OSK-TOSISKO MINING INC74.793.913.1717.7711.71#N/A N/A#N/A N/A
TRI-TTHOMSON REUTERS CORP74.68174.60149.472.2613.4973.0138.79
TXG-TAllied Properties AREIT73.2022.2412.939.5043.028.1811.19
AGI-TALAMOS GOLD INC-CLASS A71.3716.1411.763.7318.1764.1631.02
WPM-TWHEATON PRECIOUS METALS CORP70.4864.6249.974.2922.5542.3039.96
OR-TOSISKO GOLD ROYALTIES LTD70.1720.6015.43-0.0526.2330.2838.94

Source: Bloomberg

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