The most oversold and overbought stocks on the TSX

The S&P/TSX Composite jumped 2.9 per cent for the trading week ending with Friday’s close and stands 8.9 per cent higher for the year. Relative Strength Index (RSI) at 63 leaves the index in technically neutral territory although much closer to the overbought sell signal at 70 than the oversold RSI buy signal of 30.

The are four index constituents trading with attractive RSIs below the 30 buy signal. In order, these are Air Canada, MTY Food Group Inc., Laurentian Bank of Canada and Stelco Holdings Inc.

There are 12 stocks trading with technically vulnerable RSIs above the 70 sell signal. The five most overbought are Cameco Corp., Nexen Energy Ltd., Energy Fuels Inc., North West Co. Inc. and Dollarama Inc..

There are 10 S&P/TSX Composite companies showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The largest companies making new highs are Constellation Software Inc., Great-West Lifeco Inc., Fairfax Financial Holdings Ltd. and Cameco Corp.

There are no stocks making new 52-week lows.

Stocks jumping to 52-week highs

		Return 1W %	Return YTD %	Market Cap
CSU-T	CONSTELLATION SOFTWARE INC	4.27	39.21	61,033,089,807
GWO-T	GREAT-WEST LIFECO INC	2.60	35.34	37,855,855,659
FFH-T	FAIRFAX FINANCIAL HLDGS LTD	2.96	45.43	29,788,924,819
CCO-T	CAMECO CORP	7.85	77.65	23,623,965,081
BAM-T	BROOKFIELD ASSET MGMT-A	2.43	29.79	20,167,223,819
ARX-T	ARC RESOURCES LTD	2.85	21.07	13,186,994,775
WCP-T	WHITECAP RESOURCES INC	1.89	14.43	7,173,923,097
NXE-T	NEXGEN ENERGY LTD	13.00	40.73	4,142,143,118
DML-T	DENISON MINES CORP	14.51	42.58	1,847,285,637
EFR-T	ENERGY FUELS INC	13.15	35.56	1,798,177,819

Oversold and overbought stocks on the TSX

	OVERSOLD STOCKS	RSI	Price	200DMA	Return 1W %	Return YTD %	PE Ratio TTM	PE Ratio Fwd
AC-T	AIR CANADA	20.02	20.33	21.36	-4.55	4.85	28.09	5.63
MTY-T	MTY FOOD GROUP INC	26.52	61.01	62.28	-5.34	8.15	16.39	16.56
LB-T	LAURENTIAN BANK OF CANADA	27.50	32.22	34.46	-12.06	2.63	6.72	6.72
STLC-T	STELCO HOLDINGS INC	27.61	35.97	46.58	-5.86	-16.58	7.05	9.12

	OVERBOUGHT STOCKS	RSI	Price	200DMA	Return 1W %	Return YTD %	PE Ratio TTM	PE Ratio Fwd
CCO-T	CAMECO CORP	82.10	54.52	38.53	7.85	77.65	123.85	47.20
NXE-T	NEXGEN ENERGY LTD	80.14	8.43	5.93	13.00	40.73	#N/A N/A	#N/A N/A
EFR-T	ENERGY FUELS INC	78.80	11.36	8.47	13.15	35.56	20.20	#N/A N/A
NWC-T	NORTH WEST CO INC/THE	77.36	35.20	35.19	17.77	1.13	14.11	12.39
DOL-T	DOLLARAMA INC	76.92	95.63	83.26	9.22	21.04	30.86	26.89
DML-T	DENISON MINES CORP	76.18	2.21	1.63	14.51	42.58	#N/A N/A	#N/A N/A
WCP-T	WHITECAP RESOURCES INC	73.29	11.84	10.35	1.89	14.43	10.06	8.55
LIF-T	LABRADOR IRON ORE ROYALTY CO	72.93	33.88	32.81	8.59	4.62	10.37	11.32
PD-T	PRECISION DRILLING CORP	72.18	97.92	80.98	2.35	-5.58	11.14	7.52
PSI-T	PASON SYSTEMS INC	71.22	14.49	13.42	2.53	-6.49	9.00	11.15
PEY-T	PEYTO EXPLORATION & DEV CORP	71.00	13.16	12.19	3.79	2.22	6.69	5.77
AIF-T	ALTUS GROUP LTD	70.69	53.00	51.46	2.24	-1.33	75.72	23.62

Source: Bloomberg

Stocks jumping to 52-week highs

Oversold and overbought stocks on the TSX

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