Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

The S&P/TSX Composite climbed another 1.5 per cent for the trading week ending with Thursday’s close and is now 2.7 per cent higher for 2021.

In terms of Relative Strength Index (RSI) the benchmark is hovering close to overbought with a reading of 68 that is right on the border of the RSI sell signal of 70 and nowhere near the oversold buy signal of 30.

There are three index members trading at attractive technical levels below the RSI buy signal of 30. Alimentation Couche-Tard Inc. is the most oversold company in the benchmark, Maple Leaf Foods Inc. and Methanex Corp. are the others.

Story continues below advertisement

There are 19 index constituents trading at technically vulnerable RSIs above the overbought sell signal of 70. TransAlta Corp . is the most extended company in the benchmark, Bombardier Inc., Blackberry Ltd., Chemtrade Logistics Income Fund and Aphria Inc. follow behind.

There is an interesting mix of index stocks – all from different sectors - showing strong price momentum by hitting new 52-week highs. Sorted by market capitalization in the table below, these are Magna International Inc., Blackberry Ltd., Canfor Corp. and ECN Capital Corp.

There are no benchmark companies making new 52-week lows.

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
MG-TMAGNA INTERNATIONAL INC3.477.9328,998,663,092
BB-TBLACKBERRY LTD41.1091.598,964,153,206
CFP-TCANFOR CORP5.335.002,997,752,436
ECN-TECN CAPITAL CORP3.558.191,719,875,862

This week's overbought and oversold stocks

OVERSOLD STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
ATD-B-TALIMENTATION COUCHE-TARD -B28.8937.6043.213.75-13.2112.8814.95
MFI-TMAPLE LEAF FOODS INC29.3125.9026.96-1.34-8.3632.9621.37
MX-TMETHANEX CORP29.4147.0134.48-12.43-19.82#N/A N/A20.54
OVERBOUGHT STOCKSRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
TA-TTRANSALTA CORP89.9211.218.522.3815.72#N/A N/A#N/A N/A
BBD-B-TBOMBARDIER INC-B89.300.750.4332.2062.50#N/A N/A#N/A N/A
BB-TBLACKBERRY LTD86.8315.837.1541.1091.59#N/A N/A128.65
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD82.937.395.3015.8626.59#N/A N/A#N/A N/A
APHA-TAPHRIA INC74.7616.277.045.1182.16613.87#N/A N/A
BHC-TBAUSCH HEALTH COS INC74.6333.8024.451.1127.64#N/A N/A6.36
ECN-TECN CAPITAL CORP74.547.035.023.558.1948.1812.29
CJR-B-TCORUS ENTERTAINMENT INC-B SH72.824.903.370.0014.956.52#N/A N/A
ATZ-TARITZIA INC-SUBORDINATE VOTI72.7327.8319.707.158.07218.1433.61
HEXO-THEXO CORP72.278.324.15-5.1183.08#N/A N/A#N/A N/A
BEI-UN-TBOARDWALK REAL ESTATE INVEST71.4736.6729.994.408.98#N/A N/A#N/A N/A
AFN-TAG GROWTH INTERNATIONAL INC71.4638.0429.42-0.7028.5132.6517.78
INE-TINNERGEX RENEWABLE ENERGY70.7830.8322.653.5313.74#N/A N/A88.59
GC-TGREAT CANADIAN GAMING CORP70.7643.4129.76-0.16-0.57295.14#N/A N/A
NFI-TNFI GROUP INC70.7530.4918.00-2.8728.023.1951.03
RCH-TRICHELIEU HARDWARE LTD70.5038.0032.4910.5913.8025.2124.84
LNR-TLINAMAR CORP70.4173.4745.970.979.3318.2011.44
CPG-TCRESCENT POINT ENERGY CORP70.343.902.212.3134.3412.2622.26
PSI-TPASON SYSTEMS INC70.048.856.802.4113.4546.17#N/A N/A

Source: Bloomberg

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies