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The S&P/TSX Composite Index climbed another 1.4 per cent for the trading weekend ending with Thursday’s close and the benchmark now stands 5.2 per cent for the year. The index’s Relative Strength Index (RSI) of 57 leaves it in technically neutral territory, not far from the midpoint between the oversold RSI buy signal of 30 and the overbought sell signal of 70.

There are seven oversold, technically attractive index members trading with RSIs below 30 this week. The five most oversold companies are, in order, Canopy Growth Corp., Artis REIT, Northwest Healthcare Properties REIT, GoEasy Ltd. and Nutrien Ltd.

There are 21 stocks trading with overbought, technically vulnerable RSIs above the sell signal of 70. The most overbought companies are Alamos Gold Inc., Kinross Gold Corp., Osisko Gold Royalties Ltd., Metro Inc. and Endeavour Silver Corp.

There are seven equities showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The largest companies hitting new highs are Constellation Software, Loblaw Companies Ltd., Hydro One Ltd. and Quebecor Inc.

Three stocks making new lows are Nutrien Ltd., Cargojet inc. and Advantage Energy Ltd.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
L-TLOBLAW COMPANIES LTD2.705.6240,622,678,712
H-THYDRO ONE LTD2.0010.5823,828,845,219
QBR-B-TQUEBECOR INC -CL B7.0216.208,043,502,522
AGI-TALAMOS GOLD INC-CLASS A5.2427.916,882,260,816
LUG-TLUNDIN GOLD INC7.1229.824,015,841,048

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
NTR-TNUTRIEN LTD-6.73-6.5845,804,453,005
CJT-TCARGOJET INC-2.36-9.121,813,970,514
AAV-TADVANTAGE ENERGY LTD-2.70-20.171,256,913,421

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
WEED-TCANOPY GROWTH CORP22.892.153.82-9.66-31.53#N/A N/A#N/A N/A
AX-UN-TARTIS REAL ESTATE INVESTMENT23.647.369.76-2.39-16.885.815.15
NWH-UN-TNORTHWEST HEALTHCARE PROPERT24.708.1910.76-3.87-11.9336.6011.87
GSY-TGOEASY LTD26.8294.73114.782.17-10.0910.146.77
NTR-TNUTRIEN LTD29.1691.68107.72-6.73-6.585.207.41
MTY-TMTY FOOD GROUP INC29.1759.2059.78-2.604.1116.8717.29
DND-TDYE & DURHAM LTD29.6216.6817.18-9.401.74151.64198.57
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
AGI-TALAMOS GOLD INC-CLASS A79.0817.4712.085.2427.9170.2230.86
K-TKINROSS GOLD CORP78.956.805.215.9224.2517.2820.58
OR-TOSISKO GOLD ROYALTIES LTD78.1422.3715.755.6237.4332.8943.02
MRU-TMETRO INC/CN77.3475.9571.993.731.7520.1817.58
EDR-TENDEAVOUR SILVER CORP75.675.624.428.4928.31130.6339.15
BLX-TBORALEX INC -A74.9842.5041.244.276.6946.3741.83
TRI-TTHOMSON REUTERS CORP74.83176.38151.690.9314.6574.5839.61
QBR-B-TQUEBECOR INC -CL B74.2634.7628.957.0216.2013.3212.22
L-TLOBLAW COMPANIES LTD74.22126.00116.822.705.6222.3116.56
H-THYDRO ONE LTD73.8439.8035.572.0010.5822.6122.59
CTC-A-TCANADIAN TIRE CORP-CLASS A73.13180.88159.154.1529.2410.0310.40
EQX-TEQUINOX GOLD CORP72.797.445.222.4867.95#N/A N/A#N/A N/A
ABX-TBARRICK GOLD CORP72.4026.5922.335.5615.2822.1424.18
IMG-TIAMGOLD CORP72.383.932.535.0813.26#N/A N/A#N/A N/A
AEM-TAGNICO EAGLE MINES LTD72.1676.2763.419.739.3432.9229.69
BTO-TB2GOLD CORP72.115.644.634.4418.6619.9115.72
WPM-TWHEATON PRECIOUS METALS CORP71.9766.8750.632.7026.8144.2644.09
CSU-TCONSTELLATION SOFTWARE INC71.832583.962087.703.8324.8470.2631.64
WN-TWESTON (GEORGE) LTD71.62180.76160.342.448.0448.7615.98
NWC-TNORTH WEST CO INC/THE71.1939.4835.253.9510.9915.7514.51
FNV-TFRANCO-NEVADA CORP70.61207.73178.005.3112.8343.5642.43

Source: Bloomberg

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