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The S&P/TSX Composite jumped 1.6 per cent for the trading week ending with Thursday’s close and sits right at the precipice of overbought, technically vulnerable territory.

The benchmark’s Relative Strength Index (RSI) reading of 69 is a smidge under the sell signal of 70 .

There are four oversold, technically attractive index member stocks trading below the RSI buy signal of 30.

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Chemtrade Logistics Index Fund is the most oversold company in the index with Spin Master Corp., Superior Plus Corp. and Inter Pipeline Ltd. lining up behind.

The list of frothy benchmark stocks trading above the RSI sell signal of 70 is huge at 42 members.

The five most extended companies are Innergex Renewable Energy, ECN Capital Corp., Boralex Inc., Intact Financial Corp. and Northland Power Inc. Other prominent overbought names include Hydro One Ltd., Telus Corp., CI Financial Corp and Canadian Pacific Railways Ltd.

The list of index members showing strong price momentum by hitting new 52-week highs is also sizeable at 45 stocks.

The 25 largest companies making new highs are listed in the table below, beginning with Enbridge Inc., Canadian National Railway Co., Brookfield Asset Management Inc., TC Energy Corp., Thomson Reuters Corp. and Alimentation Couche-Tard Inc..

There are no S&P/TSX Composite stocks hitting new 52-week lows this week.

Stocks hitting 52-week highs

Return 1W %Return YTD %
ENB-TENBRIDGE INC2.968.43
CNR-TCANADIAN NATL RAILWAY CO1.718.63
BAM-A-TBROOKFIELD ASSET MANAGE-CL A4.1513.83
TRP-TTC ENERGY CORP0.495.78
TRI-TTHOMSON REUTERS CORP1.8717.16
ATD-B-TALIMENTATION COUCHE-TARD -B3.7911.53
WCN-TWASTE CONNECTIONS INC3.1112.95
T-TTELUS CORP1.647.50
GWO-TGREAT-WEST LIFECO INC1.625.35
CSU-TCONSTELLATION SOFTWARE INC6.3916.69
BIP-UN-TBROOKFIELD INFRASTRUCTURE PA0.8212.32
FNV-TFRANCO-NEVADA CORP1.7213.17
PPL-TPEMBINA PIPELINE CORP2.388.65
IFC-TINTACT FINANCIAL CORP7.399.27
BEP-UN-TBROOKFIELD RENEWABLE PARTNER9.3114.73
OTEX-TOPEN TEXT CORP2.659.73
H-THYDRO ONE LTD3.2110.41
CAR-UN-TCAN APARTMENT PROP REAL ESTA1.378.94
BBU-UN-TBROOKFIELD BUSINESS PT-UNNIT6.3410.46
IAG-TIA FINANCIAL CORP INC3.496.53
AP-UN-TALLIED PROPERTIES REAL ESTAT1.468.08
FSV-TFIRSTSERVICE CORP12.2522.64
NPI-TNORTHLAND POWER INC2.1512.29
EFN-TELEMENT FLEET MANAGEMENT COR3.4419.21
CIX-TCI FINANCIAL CORP3.9612.34

Overbought and oversold stocks on the TSX

OversoldRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD16.808.8810.23-7.50-18.65#N/A N/A#N/A N/A
TOY-TSPIN MASTER CORP-SUB VTG SHR22.9831.9839.740.16-19.1225.0626.21
SPB-TSUPERIOR PLUS CORP25.1211.5512.42-1.62-7.5728.4713.92
IPL-TINTER PIPELINE LTD28.4221.5622.28-2.36-3.7415.3023.74
OverboughtRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
INE-TINNERGEX RENEWABLE ENERGY93.0321.0915.6812.3025.09135.28102.88
ECN-TECN CAPITAL CORP88.936.134.5712.2727.97200.6213.45
BLX-TBORALEX INC -A88.7229.2821.886.1619.71#N/A N/A112.18
IFC-TINTACT FINANCIAL CORP85.77153.44129.527.399.2734.0719.35
NPI-TNORTHLAND POWER INC84.9330.4426.092.1512.2922.5322.89
CJT-TCARGOJET INC84.67121.4894.944.1017.5776.5789.79
BEP-UN-TBROOKFIELD RENEWABLE PARTNER83.6469.1852.279.3114.73#N/A N/A#N/A N/A
RNW-TTRANSALTA RENEWABLES INC82.9617.2314.243.6111.5725.5721.32
H-THYDRO ONE LTD82.8727.6924.123.2110.41#N/A N/A19.91
FSV-TFIRSTSERVICE CORP82.07148.26127.6912.2522.64#N/A N/A33.48
CPX-TCAPITAL POWER CORP82.0436.8631.711.577.1817.7113.67
ENB-TENBRIDGE INC81.6955.9848.512.968.4320.3821.39
PBH-TPREMIUM BRANDS HOLDINGS CORP81.3798.4990.262.748.2836.2524.88
T-TTELUS CORP81.2554.0549.141.647.5018.9718.07
ATZ-TARITZIA INC-SUBORDINATE VOTI81.1326.0918.744.3236.9634.0825.35
PPL-TPEMBINA PIPELINE CORP79.2752.0848.412.388.6516.9021.58
EFN-TELEMENT FLEET MANAGEMENT COR79.2413.2210.653.4419.2118.6713.42
BAM-A-TBROOKFIELD ASSET MANAGE-CL A78.8685.4170.024.1513.8312.92#N/A N/A
FNV-TFRANCO-NEVADA CORP78.85151.75121.071.7213.1775.2253.73
TRI-TTHOMSON REUTERS CORP77.70108.8390.631.8717.16182.1449.09
NFI-TNFI GROUP INC77.3432.9830.358.4923.7518.9811.29
BIP-UN-TBROOKFIELD INFRASTRUCTURE PA76.3272.8562.420.8212.32#N/A N/A61.45
BCB-TCOTT CORPORATION76.3120.8117.647.3217.31112.1741.75
CIX-TCI FINANCIAL CORP76.1324.3920.593.9612.3410.999.63
IAG-TIA FINANCIAL CORP INC75.4775.9960.223.496.5312.8411.39
STN-TSTANTEC INC75.1041.3632.563.6612.7026.6317.66
BBU-UN-TBROOKFIELD BUSINESS PT-UNNIT74.8759.3551.796.3410.46#N/A N/A#N/A N/A
CAE-TCAE INC74.4040.1334.651.3916.7231.8125.72
GRT-UN-TGRANITE REAL ESTATE INVESTME74.2172.9764.451.5310.9726.63#N/A N/A
WCN-TWASTE CONNECTIONS INC74.08133.23122.703.1112.9543.5135.37
HBC-THUDSON'S BAY CO73.9510.969.380.1810.93#N/A N/A#N/A N/A
CIGI-TCOLLIERS INTERNATIONAL GROUP73.88112.5094.283.9511.2825.3117.46
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI73.3213.3212.663.5810.83#N/A N/A#N/A N/A
TA-TTRANSALTA CORP72.7610.138.662.129.16#N/A N/A#N/A N/A
X-TTMX GROUP LTD72.19124.60105.911.7110.8026.2524.97
JWEL-TJAMIESON WELLNESS INC72.1428.4122.917.4110.3337.0527.94
TRP-TTC ENERGY CORP71.8773.1666.890.495.7817.7017.97
CSU-TCONSTELLATION SOFTWARE INC71.871471.701279.566.3916.6961.8031.85
TCN-TTRICON CAPITAL GROUP INC71.7111.6010.506.039.1313.5510.83
CP-TCANADIAN PACIFIC RAILWAY LTD71.58360.76313.011.528.9821.9019.57
AP-UN-TALLIED PROPERTIES REAL ESTAT71.0856.1451.391.468.0835.63#N/A N/A
BCE-TBCE INC71.0764.2061.942.206.7218.2417.82

Source: Bloomberg/Scott Barlow

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