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The S&P/TSX Composite Index leapt 3.2 per cent for the trading week ending with Friday’s close and now stands 4.6 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 56 leaves it in the technically neutral range, between the oversold buy signal of 30 and the overbought, RSI sell signal of 70.

There are four companies trading with attractive RSIs below the 30 buy signal this week. GoEasy Ltd. is the most oversold company, followed by Canopy Growth Corp. Northwest Healthcare Properties REIT and Artis REIT.

There are 14 stocks with technically vulnerable RSIs above the 70 sell signal this week. The five most overbought companies are Osisko Mining Inc., Thomson Reuters Corp., Brookfield Renewable Partners LP, Boralex Inc. and Shaw Communications inc.

There are also 14 stocks showing strong price momentum by making new 52-week highs and they are sorted by market capitalization in the table below. The largest companies hitting new highs are Thomson Reuters, Alimentation Couche-Tard Inc., Constellation Software Inc., CGI inc. and George Weston Ltd.

There is only one stocks, Canopy Growth Corp., hitting a new 52-week lows.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
TRI-TTHOMSON REUTERS CORP0.7114.3082,982,207,243
ATD-TALIMENTATION COUCHE-TARD INC5.0914.4566,903,614,507
CSU-TCONSTELLATION SOFTWARE INC6.2522.6953,845,770,492
GIB/A-TCGI INC2.1811.6030,646,837,575
WN-TWESTON (GEORGE) LTD7.527.0425,061,685,442
WSP-TWSP GLOBAL INC4.5912.9422,048,746,779
SJR/B-TSHAW COMMUNICATIONS INC-B3.854.4520,226,222,731
GFL-TGFL ENVIRONMENTAL INC-SUB VT4.3417.9016,325,914,972
DSG-TDESCARTES SYSTEMS GRP/THE2.4315.569,252,468,188
QBR/B-TQUEBECOR INC -CL B4.2411.697,716,344,483
BBD/B-TBOMBARDIER INC-B13.8441.157,276,578,414
SNC-TSNC-LAVALIN GROUP INC3.7239.325,831,912,251
KXS-TKINAXIS INC1.5122.155,206,459,923
OR-TOSISKO GOLD ROYALTIES LTD3.9631.223,934,773,639

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
WEED-TCANOPY GROWTH CORP-9.54-24.521,177,991,336

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
GSY-TGOEASY LTD26.1195.49114.86-10.50-9.3710.226.82
WEED-TCANOPY GROWTH CORP28.002.373.86-9.54-24.52#N/A N/A#N/A N/A
NWH-UN-TNORTHWEST HEALTHCARE PROPERT28.808.4710.841.99-8.9237.8511.45
AX-UN-TARTIS REAL ESTATE INVESTMENT28.927.619.850.80-14.066.005.32
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
OSK-TOSISKO MINING INC79.264.303.179.9722.86#N/A N/A#N/A N/A
TRI-TTHOMSON REUTERS CORP75.50175.84150.710.7114.3074.7539.71
BEP-UN-TBROOKFIELD RENEWABLE PARTNER75.4442.6041.896.6125.86#N/A N/A#N/A N/A
BLX-TBORALEX INC -A74.7741.1541.225.783.3044.9041.11
SJR-B-TSHAW COMMUNICATIONS INC-B74.6040.4436.503.854.4527.1427.44
OR-TOSISKO GOLD ROYALTIES LTD74.1621.3615.593.9631.2231.4040.38
K-TKINROSS GOLD CORP73.316.365.186.5316.2116.2522.27
SNC-TSNC-LAVALIN GROUP INC73.1933.2225.703.7239.3255.4726.01
CSU-TCONSTELLATION SOFTWARE INC72.772540.912072.536.2522.6969.4633.56
MRU-TMETRO INC/CN72.6474.3471.845.09-0.4119.7517.20
EDR-TENDEAVOUR SILVER CORP72.155.224.409.4319.18121.9935.88
WN-TWESTON (GEORGE) LTD72.12179.10159.637.527.0448.3115.84
AGI-TALAMOS GOLD INC-CLASS A71.6316.5011.922.2320.8166.6830.47
BB-TBLACKBERRY LTD70.326.206.4517.2040.59#N/A N/A#N/A N/A

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 19/04/24 4:00pm EDT.

SymbolName% changeLast
GSY-T
Goeasy Ltd
+0.84%173.43
WEED-T
Canopy Growth Corp
+1.11%10.91
NWH-UN-T
Northwest Healthcare Prop REIT
-0.2%4.87
TRI-T
Thomson Reuters Corp
-0.55%206.67
ATD-T
Alimentation Couche-Tard Inc.
+0.86%76.06
CSU-T
Constellation Software Inc
-1.04%3661.67
AX-UN-T
Artis Real Estate Investment Trust Units
+2.04%6.51
OSK-T
Osisko Mining Inc
+4.9%3.21
BLX-T
Boralex Inc
-1.18%26.76
BEP-UN-T
Brookfield Renewable Partners LP
+1.13%28.62
WN-T
George Weston Limited
+0.44%177.84

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