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The S&P/TSX Composite eased lower by 0.2 per cent for the trading week ending with Friday’s close, leaving the benchmark up 7.5 per cent for the year. The index’s Relative Strength Index (RSI) of 60 leaves it in technically neutral territory although closer to the overbought sell signal of 70 than the technically attractive RSI buy signal at 30.

There are seven index members trading with promising oversold RSIs below 30. The five most oversold companies are Dye and Durham Ltd., Artis REIT, Canopy Growth Corp, K92 Mining and Celestica Inc.

There are 16 S&P/TSX Composite constituents trading with RSIs above the sell signal of 70. The most overbought names are Bellus Health Inc., Great-West Lifeco, Home Capital Growth inc., Metro Inc. and Winpak Ltd.

The 12 companies showing strong price momentum by making new 52-week highs are ranked by market capitalization in the table below. The largest stocks are Constellation Software, Restaurant Brands International, Loblaw Companies, Great-West Lifeco and CGI inc.

Only one stock – Ballard Power Systems Inc – is hitting a 52-week low.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
QSR-TRESTAURANT BRANDS INTERN1.2710.1643,428,031,918
L-TLOBLAW COMPANIES LTD2.207.7141,263,114,434
GWO-TGREAT-WEST LIFECO INC2.2425.5236,095,271,259
GIB-A-TCGI INC3.6018.7032,613,332,158
WN-TWESTON (GEORGE) LTD0.508.9925,430,334,144
WSP-TWSP GLOBAL INC1.1614.9922,449,791,600
GFL-TGFL ENVIRONMENTAL INC-SUB VT4.5125.6118,321,070,884
ATS-TATS CORP7.0340.775,447,426,514
KXS-TKINAXIS INC3.9023.775,316,703,775
BYD-TBOYD GROUP SERVICES INC5.789.044,893,727,735
ERO-TERO COPPER CORP2.7645.982,517,480,411

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
BLDP-TBALLARD POWER SYSTEMS INC-7.56-11.271,716,720,144

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
DND-TDYE & DURHAM LTD19.2214.4416.72-5.68-11.93131.27236.72
AX-UN-TARTIS REAL ESTATE INVESTMENT21.177.029.42-0.98-20.165.544.91
WEED-TCANOPY GROWTH CORP22.281.743.65-2.79-44.59#N-A N-A#N-A N-A
KNT-TK92 MINING26.186.387.50-7.00-16.8230.9525.49
CLS-TCELESTICA INC27.1214.4815.16-9.10-5.118.485.21
CTS-TCONVERGE TECHNOLOGY SOLUTION27.913.295.21-4.64-28.3211.097.65
BLDP-TBALLARD POWER SYSTEMS INC29.385.758.22-7.56-11.27#N-A N-A#N-A N-A
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
BLU-TBELLUS HEALTH INC87.0919.6212.540.6277.08#N-A N-A#N-A N-A
GWO-TGREAT-WEST LIFECO INC80.2338.7432.982.2425.521.7210.62
HCG-THOME CAPITAL GROUP INC78.9443.5535.520.392.6412.038.35
MRU-TMETRO INC/CN77.8478.1672.541.724.7120.1317.61
WPK-TWINPAK LTD77.4745.8443.088.999.0616.4414.91
QSR-TRESTAURANT BRANDS INTERN76.2495.6283.451.2710.1629.8222.94
BCE-TBCE INC73.6865.4562.041.5011.8219.5620.55
CSU-TCONSTELLATION SOFTWARE INC71.652695.002147.751.6230.2072.9635.15
IFC-TINTACT FINANCIAL CORP71.45206.17196.110.816.4013.7716.04
GIB-A-TCGI INC71.43138.53115.653.6018.7021.0418.55
ATS-TATS CORP71.4059.2546.957.0340.7739.9323.42
SLF-TSUN LIFE FINANCIAL INC70.9066.4061.681.676.8011.5410.32
CCO-TCAMECO CORP70.9037.5834.068.6422.4570.5734.32
RCH-TRICHELIEU HARDWARE LTD70.3541.0137.561.5614.1114.4117.30
CPX-TCAPITAL POWER CORP70.1345.1145.754.06-1.278.7311.04
MFC-TMANULIFE FINANCIAL CORP70.1126.8324.172.2112.622.587.89

Source: Bloomberg

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