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The S&P/TSX Composite fell 1.3 per cent for the trading week ending with Thursday’s close and sits lower by just over two per cent for 2020.

In terms of Relative Strength Index (RSI) , the benchmark is in technically neutral territory with a reading of 48 that is only marginally closer to the oversold, RSI buy signal of 30 than the overbought sell signal of 70.

There are four oversold, technically attractive index members this week with RSIs below 30. Cogeco Communications Inc. is the most oversold company in the benchmark. It’s joined by Maple Leaf Foods Inc., Westshore Terminals Investment Corp. and Allied Properties REIT.

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There are 14 S&P/TSX Composite companies trading at technically vulnerable RSI levels above the sell signal of 70. Two cyclical stocks, Toromont Industries Ltd. and Linamar Corp, are the most overbought this week. Other notable names on the list include CAE Inc., Canadian Tire Corp., Canada Goose Holdings Inc. and Brookfield Property Partners.

There are four benchmark constituents showing strong price momentum by hitting new 52 week highs and they are sorted by market capitalization below.

Toromont Industries Ltd. is the largest companies making new highs, followed by Tourmaline Oil Corp., New Gold Inc., and Sleep Country Canada Holdings Inc.

There are no index stocks hitting new 52 week lows.

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
TIH-TTOROMONT INDUSTRIES LTD5.0127.067,281,104,429
TOU-TTOURMALINE OIL CORP8.8927.805,106,858,501
NGD-TNEW GOLD INC6.12156.521,994,271,673
ZZZ-TSLEEP COUNTRY CANADA HOLDING12.1824.66915,280,030

This week's overbought and oversold stocks

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
CCA-TCOGECO COMMUNICATIONS INC27.7497.55102.86-7.21-12.3413.2112.02
MFI-TMAPLE LEAF FOODS INC29.1424.7026.27-1.48-2.6936.7820.18
WTE-TWESTSHORE TERMINALS INVESTME29.6913.8515.59-3.55-24.516.508.28
AP-UN-TALLIED PROPERTIES REAL ESTAT29.8033.5843.71-3.73-33.6221.74#N/A N/A
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
TIH-TTOROMONT INDUSTRIES LTD84.4788.5269.745.0127.0629.7026.46
LNR-TLINAMAR CORP81.7647.4738.676.84-2.6714.139.95
ZZZ-TSLEEP COUNTRY CANADA HOLDING79.8424.9617.3212.1824.6622.7917.11
EFN-TELEMENT FLEET MANAGEMENT COR77.7913.0710.6813.0619.4741.9614.87
CAE-TCAE INC77.2523.2624.6311.72-32.0524.6850.24
CTC-A-TCANADIAN TIRE CORP-CLASS A75.94154.53121.967.4013.7418.9013.39
MG-TMAGNA INTERNATIONAL INC75.5673.4160.605.605.8838.9810.05
CJT-TCARGOJET INC75.35226.15145.16-1.67120.04#N/A N/A45.16
ARX-TARC RESOURCES LTD74.727.125.766.11-9.08#N/A N/A44.78
GOOS-TCANADA GOOSE HOLDINGS INC73.4247.4534.352.060.9445.5567.79
MX-TMETHANEX CORP73.2539.9529.977.91-17.80#N/A N/A#N/A N/A
BPY-UN-TBROOKFIELD PROPERTY PARTNERS71.5618.8316.7710.50-14.22#N/A N/A#N/A N/A
VII-TSEVEN GENERATIONS ENERGY - A71.404.784.0217.44-43.57#N/A N/A17.26
TOU-TTOURMALINE OIL CORP70.1918.8613.528.8927.80#N/A N/A16.33

Source: Bloomberg

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