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 was 1.3 per cent higher for the trading week ending with Thursday’s close and is now a mere 6.8 per cent lower year-to-date.

Technically speaking, the benchmark’s current Relative Strength Index (RSI) of 57 puts it in the higher band of neutral territory, closer to the RSI sell signal of 70 than the oversold buy signal of 30.

After months of having no oversold, technically attractive index members to discuss we finally have one, Cineplex Inc.

Story continues below advertisement

The company’s RSI of 22 leaves it deeply oversold after falling more than 26 per cent for the week. Corus Entertainment Inc. is the next most oversold stock but its RSI, at 34, is not yet below the buy signal of 30.

There are eight stocks trading at technically vulnerable, overbought levels above the RSI sell signal of 70.

Shopify Inc. has been overbought for a while and has yet to suffer a significant correction. It’s the most overbought company this week again, followed by TFI International Inc., Enghouse Systems Inc., Ballard Power Systems Inc., Spin Master Corp., Descartes Systems Group, Jamieson Wellness Inc. and Seabridge Gold Inc.

There are nine S&P/TSX Composite stocks showing strong price momentum by hitting new 52-week highs and they ae ranked by market capitalization in the table below. Shopify is the largest company making new highs , followed by Northland Power Inc., Descartes Systems Group, Ballard Power Systems Inc., Kinaxis Inc., TFI International, Enghouse Systems, Real Matters Inc. and Jamieson Wellness.

Cineplex Inc. is the one index stock making new 52-week lows.

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
CGX-TCINEPLEX INC-26.48699-76.52862500965912.6

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
SHOP-TSHOPIFY INC - CLASS A11.71853170.69731.66856E+11
NPI-TNORTHLAND POWER INC2.4186428.658686657111110
DSG-TDESCARTES SYSTEMS GRP/THE4.63924932.486496188175681
BLDP-TBALLARD POWER SYSTEMS INC22.5924153.77155740889522
KXS-TKINAXIS INC3.217608103.01945386759029
TFII-TTFI INTERNATIONAL INC7.97474714.377514301274034
ENGH-TENGHOUSE SYSTEMS LTD3.52161356.274894122569423
REAL-TREAL MATTERS INC11.55839127.19162363234186
JWEL-TJAMIESON WELLNESS INC3.56935639.66921415017883

This week's overbought and oversold stocks

OversoldRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
CGX-TCINEPLEX INC22.334297.9122.5769-26.48699-76.5286220.11663029#N/A N/A
OverboughtRSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
SHOP-TSHOPIFY INC - CLASS A81.841397.61661.9911.72170.70#N/A N/A3188.86
TFII-TTFI INTERNATIONAL INC80.5749.3640.727.9714.3814.2617.78
ENGH-TENGHOUSE SYSTEMS LTD74.3874.9649.023.5256.2748.9043.48
BLDP-TBALLARD POWER SYSTEMS INC72.9823.5511.8922.59153.77#N/A N/A#N/A N/A
TOY-TSPIN MASTER CORP-SUB VTG SHR72.7225.0029.356.29-36.7726.0134.44
DSG-TDESCARTES SYSTEMS GRP/THE72.6673.5356.934.6432.49107.90#N/A N/A
JWEL-TJAMIESON WELLNESS INC71.4535.6927.603.5739.6739.8532.74
SEA-TSEABRIDGE GOLD INC71.3323.7817.489.7432.41#N/A N/A#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.

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

Comments that violate our community guidelines will be removed.

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