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

The S&P/TSX Composite Index dropped a marginal 0.2 per cent for the trading week ending with Thursday’s close and sits 17.0 per cent higher year to date. The benchmark’s Relative Strength Index (RSI) level of 53 puts it in the technical neutral range close to the midway point between the oversold buy signal of 30 and the overbought RSI sell signal of 70.

There are nine index member stocks trading with RSIs below 30, indicating a higher probability of bounce in price from oversold conditions. Turquoise Hill Resources Ltd. is the most oversold companies in the benchmark followed by NFI Group Inc., Stella-Jones Inc. and Canntrust Holdings Inc.

Most oversold stocks

TickerCompanyRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
TRQ-TTURQUOISE HILL RESOURCES LTD19.610.822.10-39.01-61.782.6511.62
NFI-TNFI GROUP INC21.4331.4735.85-12.96-6.1710.149.72
SJ-TSTELLA-JONES INC23.9842.6642.95-10.677.1820.5116.91
TRST-TCANNTRUST HOLDINGS INC26.743.668.97-4.95-41.55N/AN/A
CU-TCANADIAN UTILITIES LTD-A27.0336.0834.37-2.0217.3714.34N/A
HSE-THUSKY ENERGY INC27.6011.3015.04-10.49-18.029.379.96
BCB-TCOTT CORPORATION28.6916.3919.24-4.03-12.8874.3428.70
ECA-TENCANA CORP29.045.769.32-14.29-27.205.615.59
BB-TBLACKBERRY LTD29.479.2511.33-1.19-5.66N/A66.15

Source: Scott Barlow; Bloomberg

There are 33 S&P/TSX Composite stocks trading in technically vulnerable territory with RSI levels above the sell signal of 70. Eldorado Gold Corp. and Detour Gold Corp. are the two most extended index constituents followed by First Majestic Silver Corp. and Novagold Resources Inc.

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Other prominent names on the overbought list include Westjet Airlines Ltd. and Home Capital Group Inc.

Most overbought stocks

TickerCompanyRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
ELD-TELDORADO GOLD CORP89.6310.155.3815.29154.50N/A22.98
DGC-TDETOUR GOLD CORP84.8219.3412.399.6165.131426.7637.94
FR-TFIRST MAJESTIC SILVER CORP83.6513.068.1924.9561.10N/A N/A
NG-TNOVAGOLD RESOURCES INC81.088.495.5410.9756.83N/AN/A
PVG-TPRETIUM RESOURCES INC80.5714.9610.948.7329.2131.6615.90
FVI-TFORTUNA SILVER MINES INC80.484.864.4935.36-2.0026.6715.96
CG-TCENTERRA GOLD INC80.2910.766.798.1381.5719.5913.45
SSRM-TSSR MINING INC80.0720.7616.0115.4524.06126.8529.53
WJA-TWESTJET AIRLINES LTD79.5130.7121.88-0.1072.5540.0620.39
PAAS-TPAN AMERICAN SILVER CORP78.2220.2817.8219.631.51256.3843.22
IMG-TIAMGOLD CORP77.945.064.399.800.60N/A49.01
AGI-TALAMOS GOLD INC-CLASS A77.938.726.086.7777.26N/A38.35
IPL-TINTER PIPELINE LTD77.3622.3521.351.1720.9316.0218.13
AEM-TAGNICO EAGLE MINES LTD77.1570.3455.333.8828.60266.7168.74
CJT-TCARGOJET INC77.0593.0979.931.8631.4891.73145.91
HCG-THOME CAPITAL GROUP INC77.0521.9916.974.7053.1313.019.60
NGD-TNEW GOLD INC77.051.901.1628.6775.248.72N/A
KL-TKIRKLAND LAKE GOLD LTD76.2160.8940.009.4770.7230.1220.35
EDV-TENDEAVOUR MINING CORP76.0924.9020.259.7910.92N/A15.60
YRI-TYAMANA GOLD INC75.803.753.1613.2117.91106.7054.14
CIGI-TCOLLIERS INTERNATIONAL GROUP75.5198.5186.294.3830.2725.7215.92
SSL-TSANDSTORM GOLD LTD75.348.666.5814.5432.12258.2692.03
WPM-TWHEATON PRECIOUS METALS CORP75.1735.1227.1412.8033.0659.4649.31
AIF-TALTUS GROUP LTD74.7233.6327.202.7643.01376.1125.85
K-TKINROSS GOLD CORP74.085.704.287.0527.73217.3023.58
CCA-TCOGECO COMMUNICATIONS INC74.03103.9979.395.7561.2215.7113.72
BTO-TB2GOLD CORP73.784.413.717.698.77165.3318.75
RCH-TRICHELIEU HARDWARE LTD72.9925.2623.482.9712.4221.79N/A
ABX-TBARRICK GOLD CORP72.9122.7117.614.9022.282066.7235.76
AC-TAIR CANADA72.2844.4331.795.8370.7220.1311.22
ERO-TERO COPPER CORP72.0925.0414.602.82148.7387.2322.76
SMF-TSEMAFO INC71.555.513.526.6584.75105.5812.40
FNV-TFRANCO-NEVADA CORP71.36117.3797.094.7622.7473.0362.98

Source: Scott Barlow; Bloomberg

There are 26 index stocks hitting new 52-week highs this week, indicating strong price momentum. They are ranked by market capitalization in the table below which is topped by Thomson Reuters Corp., Restaurant Brands International, Barrick Gold Corp. and CGI Inc.

Stocks hitting 52-week highs

TickerCompanyReturn 1W %Return YTD %Market Cap
TRI-TTHOMSON REUTERS CORP2.0436.71 44,891,584,223
QSR-TRESTAURANT BRANDS INTERN2.2335.71 44,248,570,787
ABX-TBARRICK GOLD CORP4.9022.28 39,927,665,199
GIB-A-TCGI INC0.6524.08 28,598,116,314
FNV-TFRANCO-NEVADA CORP4.7622.74 22,043,503,717
AEM-TAGNICO EAGLE MINES LTD3.8828.60 16,611,055,330
WPM-TWHEATON PRECIOUS METALS CORP12.8033.06 15,703,069,032
KL-TKIRKLAND LAKE GOLD LTD9.4770.72 12,831,712,976
AC-TAIR CANADA5.8370.72 11,912,769,180
K-TKINROSS GOLD CORP7.0527.73 7,125,549,503
EFN-TELEMENT FLEET MANAGEMENT COR4.7651.28 4,491,966,390
AGI-TALAMOS GOLD INC-CLASS A6.7777.26 3,421,046,985
DGC-TDETOUR GOLD CORP9.6165.13 3,415,393,244
CG-TCENTERRA GOLD INC8.1381.57 3,165,174,319
NG-TNOVAGOLD RESOURCES INC10.9756.83 2,774,547,027
PVG-TPRETIUM RESOURCES INC8.7329.21 2,761,724,223
EDV-TENDEAVOUR MINING CORP9.7910.92 2,746,852,469
FR-TFIRST MAJESTIC SILVER CORP24.9561.10 2,671,070,687
SSRM-TSSR MINING INC15.4524.06 2,545,030,405
SMF-TSEMAFO INC6.6584.75 1,846,909,361
ELD-TELDORADO GOLD CORP15.29154.50 1,618,189,547
SSL-TSANDSTORM GOLD LTD14.5432.12 1,557,328,220
ASR-TALACER GOLD CORP16.02101.19 1,482,423,244
AIF-TALTUS GROUP LTD2.7643.01 1,336,324,679
ECN-TECN CAPITAL CORP3.1633.71 1,105,369,513
EXE-TEXTENDICARE INC2.6140.33 766,457,122

Source: Scott Barlow; Bloomberg

Companies with the weakest price momentum, those hitting 52-week lows, include Husky Energy Inc., Encana Corp., Stars Group Inc. and Mullen Group Ltd.

Stocks hitting 52-week lows

TickerCompanyReturn 1W %Return YTD %Market Cap
HSE-THUSKY ENERGY INC-10.49-18.02 11,377,978,074
ECA-TENCANA CORP-14.29-27.20 8,296,949,182
TSGI-TSTARS GROUP INC/THE-0.43-7.72 6,042,019,935
VET-TVERMILION ENERGY INC-7.30-4.56 4,024,201,068
BCB-TCOTT CORPORATION-4.03-12.88 2,220,834,178
ERF-TENERPLUS CORP-13.41-19.34 1,990,273,275
BTE-TBAYTEX ENERGY CORP-5.82-26.14 1,001,777,072
MTL-TMULLEN GROUP LTD-1.49-22.06 968,582,751

Source: Scott Barlow; Bloomberg

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