The S&P/TSX Composite rose an impressive 1.5 per cent for the trading week ending with Friday’s close but its up only 1.2 per cent for the year.
Relative Strength Index (RSI) leaves the benchmark in the higher end of technically neutral territory with a 56 reading that is closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.
Both the oversold and overbought lists of benchmark members is long this week which implies a more bifurcated market than usual. There are 20 oversold, technically attractive TSX stocks. The five most oversold companies are, in order, Martinrea International Inc., Linamar Corp., Altus Group Ltd., Enghouse Systems Ltd. and Aritzia Inc.
There are 38 overbought, technically vulnerable S&P/TSX Composite stocks this week. The top five most extended stocks are Labrador Iron Ore Royalty Co., Nutrien Ltd., Dream Office REIT, Pembina Pipeline Corp. and MEG Energy Corp.
There are 39 index members, a lot more than usual, demonstrating strong price momentum by making new 52-week highs. They are sorted by market capitalization in the table below. Enbridge Inc. is the largest stock hitting new highs, followed by Canadian Natural Resources Ltd., TC Energy Corp., Nutrien Ltd., and BCE Inc.
The list of companies hitting new 52-week lows is also sizeable at 21 members. The largest stocks are Shopify Inc., Magna International Inc., Bausch Health Companies Ltd., BRP Inc. and Lightspeed Commerce Inc.
Stocks jumping to 52-week highs
Return 1W % Return YTD % Market Cap
ENB-T ENBRIDGE INC 5.21 17.03 115,720,523,959
CNQ-T CANADIAN NATURAL RESOURCES 7.91 40.39 88,077,806,880
TRP-T TC ENERGY CORP 7.57 21.93 70,629,419,023
NTR-T NUTRIEN LTD 17.20 27.18 69,133,065,144
BCE-T BCE INC 5.96 8.11 64,611,599,222
SU-T SUNCOR ENERGY INC 7.00 27.93 58,658,459,083
ABX-T BARRICK GOLD CORP 7.43 28.64 54,429,736,422
T-T TELUS CORP 3.59 12.45 45,676,154,263
CVE-T CENOVUS ENERGY INC 5.10 31.66 41,482,003,288
IMO-T IMPERIAL OIL LTD 6.21 29.58 39,840,816,732
L-T LOBLAW COMPANIES LTD 5.02 2.30 35,450,106,154
RCI-B-T ROGERS COMMUNICATIONS INC-B 3.71 13.33 34,759,861,469
TECK-B-T TECK RESOURCES LTD-CLS B 12.76 44.80 28,094,341,253
FM-T FIRST QUANTUM MINERALS LTD 4.82 27.16 26,761,495,038
WPM-T WHEATON PRECIOUS METALS CORP 6.48 9.54 26,727,215,075
PPL-T PEMBINA PIPELINE CORP 8.81 21.59 25,553,842,200
WN-T WESTON (GEORGE) LTD 7.20 1.55 21,897,274,986
MRU-T METRO INC/CN 3.55 3.88 16,843,328,810
WCP-T WHITECAP RESOURCES INC 6.84 34.04 6,412,565,535
YRI-T YAMANA GOLD INC 4.59 24.25 6,296,551,817
MEG-T MEG ENERGY CORP 13.72 55.90 6,014,578,611
SSRM-T SSR MINING INC 6.17 19.11 5,591,965,505
CPG-T CRESCENT POINT ENERGY CORP 8.69 40.89 5,562,146,247
ERF-T ENERPLUS CORP 10.90 29.27 4,384,571,962
VET-T VERMILION ENERGY INC 9.02 57.42 4,378,340,544
POU-T PARAMOUNT RESOURCES LTD -A 7.86 20.51 4,265,035,735
PSK-T PRAIRIESKY ROYALTY LTD 5.78 27.66 4,226,807,790
PVG-T PRETIUM RESOURCES INC 4.28 6.57 3,600,874,050
BTE-T BAYTEX ENERGY CORP 3.68 51.41 3,472,731,286
CS-T CAPSTONE MINING CORP 24.26 35.84 3,136,492,650
TPZ-T TOPAZ ENERGY CORP 9.28 17.42 2,975,035,660
BEI-UN-T BOARDWALK REAL ESTATE INVEST 4.45 6.08 2,951,758,179
TVE-T TAMARACK VALLEY ENERGY LTD 10.30 42.31 2,443,209,551
FRU-T FREEHOLD ROYALTIES LTD 9.89 29.93 2,308,043,930
WDO-T WESDOME GOLD MINES LTD 12.69 38.14 2,240,595,254
PEY-T PEYTO EXPLORATION & DEV CORP 9.83 25.33 2,050,144,344
WTE-T WESTSHORE TERMINALS INVESTME 2.59 15.14 1,953,401,945
NWC-T NORTH WEST CO INC/THE 4.46 10.08 1,801,507,548
D-UN-T DREAM OFFICE REAL ESTATE INV 4.36 11.49 1,317,827,645
Stocks falling to 52-week lows
Return 1W % Return YTD % Market Cap
SHOP-T SHOPIFY INC - CLASS A -11.08 -56.10 93,700,803,434
MG-T MAGNA INTERNATIONAL INC -17.77 -21.87 22,888,482,636
BHC-T BAUSCH HEALTH COS INC -6.01 -16.80 10,192,381,697
DOO-T BRP INC/CA- SUB VOTING -8.69 -25.03 6,689,464,880
LSPD-T LIGHTSPEED COMMERCE INC -14.69 -44.05 4,118,487,917
LNR-T LINAMAR CORP -11.97 -21.58 3,759,488,036
BYD-T BOYD GROUP SERVICES INC -4.21 -21.61 3,323,895,631
GOOS-T CANADA GOOSE HOLDINGS INC -9.60 -34.51 3,191,859,054
WEED-T CANOPY GROWTH CORP -11.76 -27.26 3,098,183,400
SJ-T STELLA-JONES INC -2.93 -3.25 2,455,077,458
AIF-T ALTUS GROUP LTD -5.35 -33.13 2,121,289,234
ENGH-T ENGHOUSE SYSTEMS LTD -16.10 -28.05 1,966,591,210
DND-T DYE & DURHAM LTD -5.03 -38.11 1,876,769,868
LEV-T LION ELECTRIC CO/THE -6.84 -23.76 1,816,425,927
LWRK-T LIFEWORKS INC -10.54 -9.12 1,586,628,316
CRON-T CRONOS GROUP INC -10.64 -19.08 1,496,061,245
NFI-T NFI GROUP INC -7.16 -13.62 1,352,950,601
MTY-T MTY FOOD GROUP INC -5.09 -22.17 1,193,173,849
BDGI-T BADGER INFRASTRUCTURE SOLUTI -12.74 -16.42 906,651,419
ACB-T AURORA CANNABIS INC -12.08 -38.39 884,864,760
MRE-T MARTINREA INTERNATIONAL INC -15.74 -26.43 646,955,115
Overbought and oversold stocks on the TSX
OVERSOLD STOCKS RSI Price 200DMA Return 1W % Return YTD % PE Ratio TTM PE Ratio Fwd
MRE-T MARTINREA INTERNATIONAL INC 19.71 8.22 11.67 -15.74 -26.43 16.99 7.35
LNR-T LINAMAR CORP 20.94 58.25 72.68 -11.97 -21.58 7.83 9.32
AIF-T ALTUS GROUP LTD 21.74 47.44 61.72 -5.35 -33.13 50.87 24.86
ENGH-T ENGHOUSE SYSTEMS LTD 22.07 34.77 52.68 -16.10 -28.05 20.62 21.36
ATZ-T ARITZIA INC-SUBORDINATE VOTI 22.62 44.00 44.46 -10.00 -15.28 39.66 28.57
CIGI-T COLLIERS INTERNATIONAL GROUP 23.40 158.38 167.02 -10.88 -16.06 53.93 17.73
CCL-B-T CCL INDUSTRIES INC - CL B 23.96 57.66 67.44 -3.46 -15.63 17.39 16.90
MG-T MAGNA INTERNATIONAL INC 25.00 78.76 104.85 -17.77 -21.87 11.25 9.80
POW-T POWER CORP OF CANADA 25.33 38.45 41.28 -2.18 -7.51 8.12 9.06
DOO-T BRP INC/CA- SUB VOTING 25.58 82.77 105.07 -8.69 -25.03 7.27 8.12
PBH-T PREMIUM BRANDS HOLDINGS CORP 26.33 111.04 127.30 -6.51 -12.01 37.63 21.15
REAL-T REAL MATTERS INC 26.91 5.13 10.87 -6.68 -37.71 1.19 14.83
BYD-T BOYD GROUP SERVICES INC 27.34 157.45 218.45 -4.21 -21.61 69.63 56.75
GWO-T GREAT-WEST LIFECO INC 27.92 36.55 38.00 -2.91 -2.17 20.14 9.75
SHOP-T SHOPIFY INC - CLASS A 29.61 762.94 1668.61 -11.08 -56.10 168.49 190.80
ONEX-T ONEX CORPORATION 29.62 83.79 91.57 -3.14 -15.82 4.17 #N-A N-A
LSPD-T LIGHTSPEED COMMERCE INC 30.17 28.98 89.06 -14.69 -44.05 #N-A N-A #N-A N-A
ACB-T AURORA CANNABIS INC 30.26 4.28 8.43 -12.08 -38.39 #N-A N-A #N-A N-A
STN-T STANTEC INC 30.61 62.10 63.06 -2.88 -12.79 28.82 20.80
SPB-T SUPERIOR PLUS CORP 30.73 11.30 14.11 -0.09 -12.29 #N-A N-A 19.28
OVERBOUGHT STOCKS RSI Price 200DMA Return 1W % Return YTD % PE Ratio TTM PE Ratio Fwd
LIF-T LABRADOR IRON ORE ROYALTY CO 84.90 50.65 41.62 10.33 33.17 8.64 13.34
NTR-T NUTRIEN LTD 83.71 124.82 84.02 17.20 27.18 16.70 8.28
D-UN-T DREAM OFFICE REAL ESTATE INV 82.40 27.08 23.47 4.36 11.49 13.93 #N-A N-A
PPL-T PEMBINA PIPELINE CORP 81.95 46.47 40.11 8.81 21.59 17.59 17.80
MEG-T MEG ENERGY CORP 80.34 19.43 10.61 13.72 55.90 109.30 8.07
OGC-T OCEANAGOLD CORP 79.29 2.75 2.30 18.97 25.45 16.92 9.50
SSL-T SANDSTORM GOLD LTD 79.22 9.91 8.56 12.35 29.00 51.37 51.45
TECK-B-T TECK RESOURCES LTD-CLS B 79.20 52.53 33.64 12.76 44.80 9.68 6.64
TRP-T TC ENERGY CORP 78.87 72.06 62.54 7.57 21.93 16.47 16.97
T-T TELUS CORP 78.67 33.18 28.89 3.59 12.45 31.06 26.95
NWC-T NORTH WEST CO INC/THE 78.27 37.57 35.16 4.46 10.08 14.14 14.44
ERO-T ERO COPPER CORP 77.50 20.34 22.27 14.33 5.80 5.91 7.79
BCE-T BCE INC 77.30 70.87 64.09 5.96 8.11 22.08 21.08
WDO-T WESDOME GOLD MINES LTD 77.03 15.78 11.89 12.69 38.14 40.73 21.55
CNQ-T CANADIAN NATURAL RESOURCES 75.84 75.64 50.64 7.91 40.39 13.33 10.86
FNV-T FRANCO-NEVADA CORP 75.78 204.43 178.63 7.70 15.09 47.24 44.13
OR-T OSISKO GOLD ROYALTIES LTD 75.57 17.24 15.74 11.19 12.34 29.07 31.12
EMP-A-T EMPIRE CO LTD 'A' 75.11 42.13 39.34 6.29 10.03 19.35 14.50
ENB-T ENBRIDGE INC 73.95 57.21 50.44 5.21 17.03 20.27 18.94
VET-T VERMILION ENERGY INC 73.81 26.65 13.19 9.02 57.42 6.71 #N-A N-A
FRU-T FREEHOLD ROYALTIES LTD 73.78 15.38 10.86 9.89 29.93 6.17 18.20
LUN-T LUNDIN MINING CORP 73.72 12.89 10.81 10.35 31.68 9.49 8.85
ABX-T BARRICK GOLD CORP 73.62 30.73 25.17 7.43 28.64 21.38 22.47
WCN-T WASTE CONNECTIONS INC 73.58 171.86 159.72 9.17 -0.32 47.80 36.65
CG-T CENTERRA GOLD INC 73.34 12.71 9.78 7.12 29.64 2.74 10.93
WTE-T WESTSHORE TERMINALS INVESTME 73.17 30.88 24.02 2.59 15.14 17.23 16.63
AQN-T ALGONQUIN POWER & UTILITIES 72.48 18.75 18.55 3.37 2.35 33.78 19.63
SSRM-T SSR MINING INC 72.11 26.33 21.17 6.17 19.11 11.81 17.03
NPI-T NORTHLAND POWER INC 71.69 41.15 39.81 7.11 8.12 60.93 33.13
PVG-T PRETIUM RESOURCES INC 71.30 19.16 14.71 4.28 6.57 42.29 16.10
EMA-T EMERA INC 71.18 61.92 58.82 3.88 -1.55 15.69 20.30
BEP-UN-T BROOKFIELD RENEWABLE PARTNER 71.16 48.11 46.63 7.47 5.16 #N-A N-A #N-A N-A
YRI-T YAMANA GOLD INC 70.88 6.60 5.44 4.59 24.25 21.81 17.72
IMO-T IMPERIAL OIL LTD 70.73 59.56 42.26 6.21 29.58 17.32 9.08
RCI-B-T ROGERS COMMUNICATIONS INC-B 70.69 68.60 62.17 3.71 13.33 19.47 17.35
TXG-T TOREX GOLD RESOURCES INC 70.60 16.50 14.20 5.30 27.00 6.36 8.75
SU-T SUNCOR ENERGY INC 70.02 40.84 30.03 7.00 27.93 15.27 9.04
MAG-T MAG SILVER CORP 70.02 22.34 22.69 5.09 13.57 228.41 53.07
Source: Bloomberg
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