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The S&P/TSX Composite index climbed another 1.9 per cent for the week ending with Friday’s close and now stands a healthy 7.2 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 67 leaves it on the cusp of the 70 sell signal which suggests the market is overbought and vulnerable to a temporary pullback.

There are four companies trading with attractive RSIs below the oversold buy signal of 30. These are Canopy Growth Corp., Northwest Healthcare Properties REIT, Artis REIT and Allied Properties REIT.

There are 21 companies trading with RSIs above the 70 sell signal. The five most overbought companies are Kinross Gold Corp., Eldorado Gold Corp., Lundin Mining Corp., Alamos Gold Inc., and CGI Inc.

There are six index constituents showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The biggest stocks making new highs are Constellation Software Inc., CGI Inc., Teck Resources Ltd., Descartes Systems Inc. and Eldorado Gold.

There are four companies hitting new 52-week lows – Tilray Brands Inc., Northwest Healthcare Properties REIT and Canopy Growth Corp.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
GIB-A-TCGI INC3.6815.5231,722,123,930
TECK-B-TTECK RESOURCES LTD-CLS B1.9619.5831,352,391,646
DSG-TDESCARTES SYSTEMS GRP/THE0.7915.679,260,950,465
ELD-TELDORADO GOLD CORP5.9736.852,855,168,822
ERO-TERO COPPER CORP8.8038.632,384,006,152

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
TLRY-TTILRAY BRANDS INC-9.69-13.621,959,085,163
WEED-TCANOPY GROWTH CORP-11.16-39.17949,351,668

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
WEED-TCANOPY GROWTH CORP18.721.913.75-11.16-39.17#N-A N-A#N-A N-A
NWH-UN-TNORTHWEST HEALTHCARE PROPERT27.398.1010.66-1.10-12.9036.2011.74
AX-UN-TARTIS REAL ESTATE INVESTMENT28.537.409.650.54-16.435.845.17
AP-UN-TALLIED PROPERTIES REAL ESTAT29.2422.8728.56-1.42-9.1929.71#N-A N-A
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
K-TKINROSS GOLD CORP80.987.145.255.0030.4618.3520.51
ELD-TELDORADO GOLD CORP76.5115.4510.155.9736.8547.0341.06
LUN-TLUNDIN MINING CORP75.6810.458.0112.6127.2013.9414.51
AGI-TALAMOS GOLD INC-CLASS A75.6417.9312.302.6331.2872.8931.14
GIB-A-TCGI INC75.16134.82113.983.6815.5221.4119.20
CSU-TCONSTELLATION SOFTWARE INC75.012654.322107.002.7228.2472.9932.87
PXT-TPAREX RESOURCES INC74.1127.5921.574.4739.063.743.54
IMG-TIAMGOLD CORP73.174.162.585.8519.88#N-A N-A#N-A N-A
KEY-TKEYERA CORP72.3231.9530.166.119.7116.0717.43
WTE-TWESTSHORE TERMINALS INVESTME72.1428.7526.796.8029.8527.3118.27
CG-TCENTERRA GOLD INC72.0010.157.438.5645.9766.9015.47
FIL-TFILO MINING CORP71.9024.9219.504.717.23#N-A N-A#N-A N-A
BTO-TB2GOLD CORP71.165.724.661.4220.3420.4216.06
AEM-TAGNICO EAGLE MINES LTD71.0478.0163.732.2811.8334.0530.63
CNQ-TCANADIAN NATURAL RESOURCES70.9582.8574.144.9711.618.8211.05
EDR-TENDEAVOUR SILVER CORP70.905.764.452.4931.51135.4015.82
GWO-TGREAT-WEST LIFECO INC70.8637.2832.621.8620.791.6610.18
TA-TTRANSALTA CORP70.5412.3112.513.362.16#N-A N-A24.14
FM-TFIRST QUANTUM MINERALS LTD70.3634.4426.869.4322.2015.4121.38

Source: Bloomberg

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