Skip to main content

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

The S&P/TSX Composite Index climbed 0.5 per cent for the trading week ending with Thursday’s close and stands 18.7 per cent higher for the year so far.

By Relative Strength Index (RSI), the benchmark is at the higher end of technically neutral territory with a reading of 62 that is a lot closer to the overbought, RSI sell signal of 70 than the oversold buy signal of 30.

There are no benchmarks stocks trading at attractive technical RSI levels below the oversold signal of 30 this week, a rare occurrence. The North West Co. Inc. is the closest to official oversold status with an RSI of 30.5.

Story continues below advertisement

There are 21 index constituents trading at technically vulnerable RSI levels above the sell signal of 70.

IA Financial Corp. Inc. is the most extended company in the index with Boralex Inc. and Great-West Lifeco Inc. close behind. Other prominent names on the overbought list include Bank of Nova Scotia, BCE Inc., Sun Life Financial Inc. and Onex Corp.

There are six stocks demonstrating strong price momentum by hitting new 52-week highs this week. The six are ranked by market capitalization below. Brookfield Asset Management Inc. is the largest company making new highs, followed by BCE Inc. and Sun Life Financial Inc.

There is only one company at the other end of the spectrum, making new 52-week lows, and that’s Canntrust Holdings Inc.

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
BAM/A-TBROOKFIELD ASSET MANAGE-CL A0.7836.79$70,501,667,916.00
BCE-TBCE INC1.6322.51$57,029,220,040.32
SLF-TSUN LIFE FINANCIAL INC3.5431.69$34,528,550,315.38
AQN-TALGONQUIN POWER & UTILITIES1.0832.51$8,685,343,515.20
IAG-TIA FINANCIAL CORP INC3.4038.08$6,260,601,730.11
BLX-TBORALEX INC -A1.5833.02$1,952,833,059.84

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
TRST-TCANNTRUST HOLDINGS INC-8.62-67.73$307,014,913.59

OverboughtRSIPrice200-day MAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
IAG-TIA FINANCIAL CORP INC77.3658.8050.953.4038.089.939.42
BLX-TBORALEX INC -A77.3521.8018.981.5833.02#N/A N/A#N/A N/A
GWO-TGREAT-WEST LIFECO INC77.3330.6830.146.4713.2014.099.76
BNS-TBANK OF NOVA SCOTIA77.0674.7771.423.6711.8310.509.98
CPG-TCRESCENT POINT ENERGY CORP77.025.704.3615.3235.2210.2511.24
BCE-TBCE INC75.2463.3459.151.6322.5117.8317.39
PWF-TPOWER FINANCIAL CORP74.9630.1029.144.6419.7010.718.57
SLF-TSUN LIFE FINANCIAL INC74.7458.3151.443.5431.6914.9211.20
MRU-TMETRO INC/CN72.3057.3349.77-0.8222.1921.3918.54
ONEX-TONEX CORPORATION71.8282.7277.304.4311.883.79#N/A N/A
MRE-TMARTINREA INTERNATIONAL INC71.7911.7011.319.078.235.184.80
DOO-TBRP INC/CA- SUB VOTING71.7752.4541.106.3847.8717.1612.91
ZZZ-TSLEEP COUNTRY CANADA HOLDING71.7622.5619.906.2614.5814.7513.06
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD71.5611.309.903.3016.78#N/A N/A#N/A N/A
CFP-TCANFOR CORP71.3115.4113.740.79-7.2045.98#N/A N/A
IGM-TIGM FINANCIAL INC70.7337.8835.151.7525.7111.9311.16
AQN-TALGONQUIN POWER & UTILITIES70.5670717.6615.397951.08015932.511323.00772574#N/A N/A
MG-TMAGNA INTERNATIONAL INC70.50587265.604354.0151318.07268.3794929288.267692132
CWB-TCANADIAN WESTERN BANK70.4981133.4329.144751.69748431.2434410.794191719.967203339
CM-TCAN IMPERIAL BK OF COMMERCE70.15703108.34107.07394.1251098.6109328.9991353348.783137414
DSG-TDESCARTES SYSTEMS GRP/THE70.0652.4746.42-0.4545.8584.0227.51

Source: Bloomberg

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
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

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter