The week’s most oversold and overbought stocks on the TSX

Published June 14, 2019 Updated October 24, 2020

For Subscribers

Text Size

Getting audio file ...

Audio for this article is not available at this time.

This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer

The S&P/TSX Composite eased higher by 0.2 per cent for the trading week ending with Thursday’s close and stands 14.9 per cent higher year to date.

In technical terms, the benchmark is firmly in neutral territory with a Relative Strength Index (RSI) reading of 49 that it almost exactly mid-way between the oversold RSI buy signal of 30 and the overbought sell signal of 70.

There are 16 oversold index members this week led by Nuvista Energy Ltd. Peyto Exploration and Development Corp., Saputo Inc., Tourmaline Oil Corp., Kelt Exploration Ltd., and Enerplus Corp. follow Nuvista .

Story continues below advertisement

There are 19 overbought, technically vulnerable benchmark stocks this week, according to RSI.

WestJet Airlines Ltd. is the most overbought company in the index followed by Hudson’s Bay Co., Semafo Inc., Laurentian Bank of Canada, Premium Brands Holdings Corp and Detour Gold Corp.

Stocks with the strongest price momentum, those making new 52-week highs, are sorted by market capitalization in the table below.

CGI Group Inc. is the largest company making new highs this week, followed by Centerra Gold Inc., Pretium Resources Inc., Empire Co. Ltd., and Ero Copper Corp.

There is only one stock making new 52-week lows, Nuvista Energy Ltd.

	Oversold	RSI	Price	200DMA	Return 1W %	Retrun YTD %	PE Ratio TTM	PE Ratio Fwd
NVA-T	NUVISTA ENERGY LTD	16.62	2.51	4.81	-10.64	-38.24	7.20	6.90
VII-T	SEVEN GENERATIONS ENERGY - A	20.95	6.54	11.16	-5.58	-40.75	5.19	4.82
PEY-T	PEYTO EXPLORATION & DEV CORP	21.74	4.04	8.26	-7.36	-42.19	6.20	8.54
SAP-T	SAPUTO INC	22.37	39.50	41.55	-7.45	1.76	23.79	22.33
TOU-T	TOURMALINE OIL CORP	23.08	15.78	19.58	-4.98	-5.14	11.73	18.20
KEL-T	KELT EXPLORATION LTD	23.79	3.91	5.60	-11.26	-16.81	60.74	17.53
ERF-T	ENERPLUS CORP	27.49	9.04	12.30	-4.02	-14.22	6.83	6.98
BIR-T	BIRCHCLIFF ENERGY LTD	27.90	2.73	3.75	-7.67	-8.23	9.29	10.92
GWO-T	GREAT-WEST LIFECO INC	28.15	29.68	30.63	-4.50	8.21	6.53	9.39
ECA-T	ENCANA CORP	28.47	6.54	10.55	-3.44	-15.96	6.22	5.54
VET-T	VERMILION ENERGY INC	28.49	27.11	33.94	-4.75	-2.52	28.78	11.82
ARX-T	ARC RESOURCES LTD	28.75	6.72	10.13	-5.96	-13.94	13.14	14.77
ENB-T	ENBRIDGE INC	29.06	45.92	46.15	-3.32	11.23	16.51	18.92
IPL-T	INTER PIPELINE LTD	29.45	19.94	21.60	-1.86	6.88	14.29	15.11
ESI-T	ENSIGN ENERGY SERVICES INC	29.76	4.76	5.42	-3.26	1.24	#N/A N/A	#N/A N/A
TRST-T	CANNTRUST HOLDINGS INC	30.03	6.54	9.66	-4.02	1.67	#N/A N/A	#N/A N/A

Source: Scott Barlow/Bloomberg

	Overbought	RSI	Price	200DMA	Return 1W %	Retrun YTD %	PE Ratio TTM	PE Ratio Fwd
		RSI	Price	200DMA	Return 1W %	Retrun YTD %	PE Ratio TTM	PE Ratio Fwd
WJA-T	WESTJET AIRLINES LTD	81.50	30.11	20.58	0.47	69.29	39.28	22.27
HBC-T	HUDSON'S BAY CO	79.82	9.35	8.25	43.03	28.33	#N/A N/A	#N/A N/A
SMF-T	SEMAFO INC	75.87	4.86	3.29	5.23	63.73	90.98	11.99
LB-T	LAURENTIAN BANK OF CANADA	75.21	44.79	42.17	2.02	19.86	9.84	9.58
PBH-T	PREMIUM BRANDS HOLDINGS CORP	74.18	88.71	81.74	4.07	19.67	28.76	21.45
DGC-T	DETOUR GOLD CORP	74.13	14.23	11.71	3.09	21.42	1025.61	37.33
AIF-T	ALTUS GROUP LTD	73.80	31.21	27.03	2.66	32.99	349.05	20.24
MTY-T	MTY FOOD GROUP INC	73.64	63.26	62.46	2.90	4.88	14.73	17.87
PVG-T	PRETIUM RESOURCES INC	73.60	12.99	10.56	3.92	10.11	26.86	14.13
AEM-T	AGNICO EAGLE MINES LTD	72.81	62.85	52.62	0.89	13.70	232.82	68.49
DOL-T	DOLLARAMA INC	72.77	46.12	38.23	7.06	45.05	26.99	24.32
CCL-B-T	CCL INDUSTRIES INC - CL B	72.17	63.71	56.10	0.91	28.71	23.28	21.42
NFI-T	NFI GROUP INC	71.87	37.60	37.60	6.02	12.08	11.83	10.29
CG-T	CENTERRA GOLD INC	71.31	8.48	6.30	1.21	42.49	15.08	11.12
FCR-T	FIRST CAPITAL REALTY INC	71.14	22.12	20.41	1.51	18.55	23.15	#N/A N/A
ABX-T	BARRICK GOLD CORP	70.98	18.67	16.75	2.27	0.72	1659.94	38.45
GIB-A-T	CGI INC	70.85718	101.4	87.76745	1.811812	21.80838	23.44582974	20.48071097
EIF-T	EXCHANGE INCOME CORP	70.04839	37.88	32.0617	2.727769	36.95852	17.05208722	11.79327522
FTS-T	FORTIS INC	70.04781	51.98	46.60795	0.1544103	16.14511	20.36536178	19.36661699

Source: Scott Barlow/Bloomberg

Stocks reaching 52-week highs

		Return 1W %	Return YTD %	Market Cap
GIB-A-T	CGI INC	1.81	21.81	27777519616
FTS-T	FORTIS INC	0.15	16.15	22429696166
OTEX-T	OPEN TEXT CORP	1.21	25.00	14772381789
EMP-A-T	EMPIRE CO LTD 'A'	1.47	10.58	8640396239
REI-UN-T	RIOCAN REAL ESTATE INVST TR	0.67	15.47	8235376167
FSV-T	FIRSTSERVICE CORP	0.53	37.08	5043135564
FCR-T	FIRST CAPITAL REALTY INC	1.51	18.55	4841411994
CG-T	CENTERRA GOLD INC	1.21	42.49	2474248181
PVG-T	PRETIUM RESOURCES INC	3.92	10.11	2384687898
SMF-T	SEMAFO INC	5.23	63.73	1620617649
ERO-T	ERO COPPER CORP	6.50	95.31	1608519600
EIF-T	EXCHANGE INCOME CORP	2.73	36.96	1196503108

Stocks falling to 52-week lows

		Return 1W %	Return YTD %	Market Cap
NVA-T	NUVISTA ENERGY LTD	-10.64	-38.24	563333488

Your Globe

Build your personal news feed

Follow topics and authors relevant to your reading interests.
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:

Scott Barlow

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors

Follow Scott Barlow on Twitter @SBarlow_ROB

Report an error Editorial code of conduct

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 .

Subscribe to comment Why do I need to subscribe?

I'm a print subscriber, link to my account Subscribe to comment Why do I need to subscribe?

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.

Inside the Market

Quick links

Reader services

Stocks reaching 52-week highs

Stocks falling to 52-week lows

Your Globe

Follow the author of this article:

Follow topics related to this article:

Tickers mentioned in this story