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The S&P/TSX Composite rose 0.6 per cent for the trading week ending with Friday’s close and stands 7.8 per cent higher for the year. The benchmark’s Relative Strength Index (RSI) of 68 leaves it on the cusp of overbought territory, hovering just below the RSI sell signal of 70.

There are five index constituents trading with oversold, attractive RSIs below the buy signal of 30. In order, these are Canopy Growth Corp., Dye and Durham Ltd., Artis REIT, GoEasy Ltd. and Converge Technology Solutions.

There are 14 overbought, technically vulnerable index stocks this week, led by Bellus Health Inc., Home Capital Group Inc., Great-West Lifeco Inc., Dollarama Inc. and Restaurant Brands International Inc.

There are nine S&P/TSX Composite companies showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The five largest companies making new highs are Thomson Reuters Corp., Waste Connections Inc., Restaurant Brands International Great-West Lifeco and WSP Global.

There are two stocks making new 52-week lows – Tilray Brands Inc. and Converge Technology Solutions.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
TRI-TTHOMSON REUTERS CORP3.5316.8384,817,971,496
WCN-TWASTE CONNECTIONS INC2.659.6150,507,786,748
GWO-TGREAT-WEST LIFECO INC1.6122.7335,314,109,561
WSP-TWSP GLOBAL INC1.8813.9922,254,251,113
GFL-TGFL ENVIRONMENTAL INC-SUB VT2.1419.7217,460,944,042
STN-TSTANTEC INC3.6226.599,089,479,125
FSV-TFIRSTSERVICE CORP2.1219.349,062,444,859
BLU-TBELLUS HEALTH INC107.7576.622,477,117,428

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
TLRY-TTILRAY BRANDS INC-1.58-14.991,928,184,767

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
WEED-TCANOPY GROWTH CORP21.231.823.70-4.71-42.04#N/A N/A#N/A N/A
DND-TDYE & DURHAM LTD21.7815.3516.89-7.64-6.38139.55210.27
AX-UN-TARTIS REAL ESTATE INVESTMENT24.707.229.55-2.43-18.465.695.05
GSY-TGOEASY LTD25.5192.11114.54-3.63-12.589.866.59
CTS-TCONVERGE TECHNOLOGY SOLUTION29.673.595.27-9.57-21.7912.108.35
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
BLU-TBELLUS HEALTH INC89.2619.5712.35107.7576.62#N/A N/A#N/A N/A
HCG-THOME CAPITAL GROUP INC78.4443.3334.975.172.1211.978.03
GWO-TGREAT-WEST LIFECO INC76.3037.8832.781.6122.731.6810.35
DOL-TDOLLARAMA INC75.7484.7779.692.387.2130.7726.92
QSR-TRESTAURANT BRANDS INTERN73.6794.1682.624.338.4830.7623.28
TRI-TTHOMSON REUTERS CORP73.55179.73153.833.5316.8375.9840.08
BEI-UN-TBOARDWALK REAL ESTATE INVEST72.5659.7451.112.3321.468.90#N/A N/A
WCN-TWASTE CONNECTIONS INC71.90196.36181.872.659.6142.8934.39
CP-TCANADIAN PACIFIC KANSAS CITY70.98110.06102.075.389.2331.1825.19
STN-TSTANTEC INC70.7981.9367.753.6226.5932.0523.38
PXT-TPAREX RESOURCES INC70.3827.6521.710.2239.363.713.58
CU-TCANADIAN UTILITIES LTD-A70.3539.0937.591.437.9713.8417.27
BCE-TBCE INC70.2164.4462.001.4010.0919.2520.21
T-TTELUS CORP70.0828.7328.231.4811.4021.4226.45

Source: Bloomberg

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