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Scott BarlowMarket Strategist

The S&P/TSX Composite climbed 1.1 per cent for the trading week ending with Friday’s close and now stands 7.1 per cent higher for 2023 so far. The index is, however, right at the technical sell signal with a Relative Strength Index (RSI) of 70.

There are no benchmark stocks trading in the technically attractive, oversold range with RSIs below the buy signal of 30 this week.

There are plenty of overbought stocks as the list reached 43 members. The five most overbought companies in the benchmark are Dye & Durham Ltd., Great-West Lifeco Inc., EQB Inc., Chartwell Retirement Residences and Boardwalk REIT.

There are five companies showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization below. The stocks are Constellation Software, ATS Corp., Secure Energy Services Inc., Exchange Income Corp. and MTY Food Group Inc.

There are no stocks making new 52-week lows.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
CSU-TCONSTELLATION SOFTWARE INC1.2811.4049,906,053,150
ATS-TATS CORP5.6328.304,955,627,196
SES-TSECURE ENERGY SERVICES INC1.1215.362,514,092,133
EIF-TEXCHANGE INCOME CORP4.445.002,339,627,886
MTY-TMTY FOOD GROUP INC5.4718.851,655,965,060

Overbought and oversold stocks

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTM
MAG-TMAG SILVER CORP30.86
WDO-TWESDOME GOLD MINES LTD31.01
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTM
DND-TDYE & DURHAM LTD80.5921.8217.503.1732.97198.36
GWO-TGREAT-WEST LIFECO INC78.4235.2132.082.4712.491.60
EQB-TEQB INC78.1763.9055.336.9312.647.21
CSH-UN-TCHARTWELL RETIREMENT RESIDEN78.1310.0210.183.5118.72#N/A N/A
BEI-UN-TBOARDWALK REAL ESTATE INVEST78.0755.0048.892.8011.277.21
PXT-TPAREX RESOURCES INC77.5123.1322.001.0514.794.48
MTY-TMTY FOOD GROUP INC77.0767.8356.535.4718.85#N/A N/A
ATS-TATS CORP77.0454.0041.105.6328.3038.32
DIR-UN-TDREAM INDUSTRIAL REAL ESTATE76.3413.7812.490.9517.8815.45
GRT-UN-TGRANITE REAL ESTATE INVESTME76.1982.3578.403.7219.2120.46
CAR-UN-TCAN APARTMENT PROP REAL ESTA76.0849.3145.183.5315.5314.61
POW-TPOWER CORP OF CANADA75.8936.0934.232.1813.3115.11
SHOP-TSHOPIFY INC - CLASS A75.8766.6647.6723.0841.80#N/A N/A
REI-UN-TRIOCAN REAL ESTATE INVST TR75.8223.2520.992.4710.0317.26
AC-TAIR CANADA75.8022.7919.284.5917.53#N/A N/A
ASTL-TALGOMA STEEL GROUP INC75.4510.5810.679.1823.741.24
WFG-TWEST FRASER TIMBER CO LTD75.42115.97107.9216.1818.623.71
KMP-UN-TKILLAM APARTMENT REAL ESTATE74.4718.5417.292.6614.379.27
CG-TCENTERRA GOLD INC73.798.807.936.8025.53#N/A N/A
CSU-TCONSTELLATION SOFTWARE INC73.722355.002030.211.2811.4050.98
TIXT-TTELUS INTERNATIONAL CDA INC73.5231.1532.262.9116.5468.36
EIF-TEXCHANGE INCOME CORP73.4755.2646.414.445.0020.74
CFP-TCANFOR CORP73.1025.3823.6215.8919.103.28
STLC-TSTELCO HOLDINGS INC72.8252.0037.851.1917.412.53
IFP-TINTERFOR CORP72.8026.2828.0621.2225.142.01
DPM-TDUNDEE PRECIOUS METALS INC72.628.946.770.4537.3310.18
CS-TCAPSTONE COPPER CORP72.496.584.182.0233.20#N/A N/A
CTC-A-TCANADIAN TIRE CORP-CLASS A72.48161.89160.484.0214.419.34
SES-TSECURE ENERGY SERVICES INC72.448.116.591.1215.3612.93
CIX-TCI FINANCIAL CORP72.2816.2114.662.0119.996.85
BDGI-TBADGER INFRASTRUCTURE SOLUTI71.7631.7329.54-0.0619.0282.78
MEG-TMEG ENERGY CORP71.4521.7318.627.5715.2812.84
MX-TMETHANEX CORP71.3561.6553.231.5820.277.24
CLS-TCELESTICA INC71.2917.5814.001.1515.2010.76
SJR-B-TSHAW COMMUNICATIONS INC-B71.0839.6835.893.281.9826.63
LSPD-TLIGHTSPEED COMMERCE INC71.0424.4425.2810.5926.30#N/A N/A
CWB-TCANADIAN WESTERN BANK70.9127.7226.512.7815.218.17
CCO-TCAMECO CORP70.8936.7932.504.5819.88126.70
SIA-TSIENNA SENIOR LIVING INC70.7012.2312.672.3412.20552.89
SLF-TSUN LIFE FINANCIAL INC70.4166.3760.781.275.6011.77
IMO-TIMPERIAL OIL LTD70.3672.6965.226.5710.227.73
PBH-TPREMIUM BRANDS HOLDINGS CORP70.1892.3092.642.9712.1822.05
AOI-TAFRICA OIL CORP70.142.832.608.0213.655.99

Source: Bloomberg

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