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The S&P/TSX Composite dropped 2.6 per cent for the trading week ending with Friday’s close and now sits 3.3 per cent lower for 2022. The benchmark’s Relative Strength Index (RSI) of 49 leaves it in the technically neutral zone, almost exactly mid-way between the RSI buy signal of 30 and the overbought RSI sell signal of 70.

The list of oversold, technically attractive stocks trading with RSIs below the buy signal is dominated by oi land gas names. The five most oversold companies are Suncor Energy Inc., Algonquin Power and Utilities Corp., Baytex Energy Corp., MEG Energy Corp., and Crescent Point Energy Corp.

There are 12 index members trading in technically vulnerable territory above the 70 sell signal. The five most overbought stocks are Chemtrade Logistics Income Fund, George Weston Ltd., Bombardier Inc., Home Capital Group Inc. and Torex Gold Resources.

There are six stocks showing strong price momentum by hitting new 52-week highs – Loblaw Companies Ltd., George Weston Ltd., Fairfax Financial Holdings, Metro Inc., Turquoise Hill Resources Ltd. and Bombardier Inc.

The are five S&P/TSX Composite constituents making new 52-week lows – Brookfield Renewable Partners, Algonquin Power and Utilities Tricon Residential Inc., Parex Resources Inc. and Algoma Steel Group.

Stocks jumping to 52-week highs

Return 1W %Return YTD %Market Cap
L-TLOBLAW COMPANIES LTD2.6722.3940,755,872,261
WN-TWESTON (GEORGE) LTD4.6723.3125,331,707,702
FFH-TFAIRFAX FINANCIAL HLDGS LTD0.6329.7520,778,965,600
MRU-TMETRO INC/CN0.9118.3118,470,315,661
TRQ-TTURQUOISE HILL RESOURCES LTD1.23106.398,638,865,977
BBD-B-TBOMBARDIER INC-B1.6825.575,150,604,992

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
BEP-UN-TBROOKFIELD RENEWABLE PARTNER-5.46-15.5117,315,900,787
AQN-TALGONQUIN POWER & UTILITIES-3.83-44.306,684,091,699
TCN-TTRICON RESIDENTIAL INC-8.79-44.432,899,854,257
PXT-TPAREX RESOURCES INC-4.80-14.341,967,119,698
ASTL-TALGOMA STEEL GROUP INC-8.83-36.96868,122,113

Overbought and oversold stocks on the TSX

OVERSOLD STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
SU-TSUNCOR ENERGY INC25.9140.3843.78-6.0933.225.835.74
AQN-TALGONQUIN POWER & UTILITIES26.279.7816.90-3.83-44.309.4710.57
BTE-TBAYTEX ENERGY CORP28.095.816.50-14.0548.597.155.53
MEG-TMEG ENERGY CORP28.9416.6618.47-14.6542.399.846.88
CPG-TCRESCENT POINT ENERGY CORP29.138.919.74-13.0734.965.764.21
TCN-TTRICON RESIDENTIAL INC29.6810.5914.80-8.79-44.43#N/A N/A8.40
TOY-TSPIN MASTER CORP-SUB VTG SHR29.7631.8543.27-7.68-33.477.7313.46
OVERBOUGHT STOCKSRSI 14DPX LASTMOV_AVG_200DLAST_CLOSE_TRR_1WKLAST_CLOSE_TRR_YTDPE_RATIOBEST_PE_RATIO
CHE-UN-TCHEMTRADE LOGISTICS INCOM FD83.409.658.073.3239.73#N/A N/A14.91
WN-TWESTON (GEORGE) LTD83.40178.57153.354.6723.3119.3716.73
BBD-B-TBOMBARDIER INC-B81.1752.7432.261.6825.57#N/A N/A54.79
HCG-THOME CAPITAL GROUP INC80.5342.7830.640.1211.4511.268.81
TXG-TTOREX GOLD RESOURCES INC78.4815.1811.9615.7915.445.879.44
L-TLOBLAW COMPANIES LTD76.41125.55114.502.6722.3920.0117.17
SCL-TSHAWCOR LTD75.4713.167.131.39168.0238.448.17
CPX-TCAPITAL POWER CORP72.0849.3045.355.0729.7015.4212.04
MRU-TMETRO INC/CN71.5578.3870.870.9118.3121.4818.60
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI71.2722.6619.430.80-1.1430.74#N/A N/A
MRE-TMARTINREA INTERNATIONAL INC71.2312.319.422.078.8312.215.47
LIF-TLABRADOR IRON ORE ROYALTY CO71.2234.6632.852.91-0.297.4010.72

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 07/11/24 1:38pm EST.

SymbolName% changeLast
SU-T
Suncor Energy Inc
+0.64%55.01
AQN-T
Algonquin Power and Utilities Corp
0%6.61
BTE-T
Baytex Energy Corp
-1.59%4.33
MEG-T
Meg Energy Corp
-0.37%27.23
CHE-UN-T
Chemtrade Logistics Income Fund
+0.91%11.13
WN-T
George Weston Limited
+0.3%231.73
BBD-B-T
Bombardier Inc Cl B Sv
-6.82%98.9
TXG-T
Torex Gold Resources Inc
+6.04%30.36
L-T
Loblaw CO
+0.58%184.84
FFH-T
Fairfax Financial Holdings Ltd
-0.03%1809.92
MRU-T
Metro Inc
+0.39%85.42

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