The S&P/TSX Composite declined 2.3 per cent for the trading week ending with Thursday’s close and sits 13.9 per cent higher for 2019.
The benchmark’s current Relative Strength Index (RSI) of 35 put it much closer to the oversold buy signal of 30 than the frothy, overbought RSI sell signal of 70.
There are 49 index member stocks – 20 per cent of the total - trading in technically attractive oversold territory this week.
The top 25 most oversold companies are listed in the table below. Ensign Energy Services Inc. is the most oversold stock in the benchmark and other prominent names on the list include Cameco Corp., IGM Financial Inc., Bank of Montreal, Power Financial and Imperial Oil Ltd.
There are 16 overbought, technically vulnerable index stocks according to RSI this week. TMX Group Ltd. is the most extended stock in the index, followed by Dream Office REIT , Altus Group Ltd., Metro Inc., Ritchie Brothers Auctioneers Inc., Canfor Corp. and Fortis Inc.
The 16 benchmark stocks showing the strongest price momentum, those hitting new 52-week highs, are sorted by market capitalization below.
Barrick Gold Corp is the largest company hitting new highs this week followed by Fortis Inc., Brookfield Infrastructure Partners LP, Brookfield Renewable Partners LP and Metro Inc.
There are 28 index stocks hitting new 52-week lows this week. Canadian Imperial Bank of Commerce is the largest company by market capitalization with Imperial Oil Ltd., Teck Resources Ltd., Canadian Tire Corp. and First Quantum Minerals Ltd.
Stocks hitting 52-week highs
Return 1W % Return YTD % Market Cap ABX-T BARRICK GOLD CORP 1.787199 33.3318 42906034258 FTS-T FORTIS INC 0.9681624 21.38272 23676818000 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 1.268209 28.42816 23392895935 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 1.267159 40.20952 14795695700 MRU-T METRO INC/CN 2.196138 14.96584 13743058936 EMA-T EMERA INC 0.8957363 33.43407 13443584000 X-T TMX GROUP LTD 0.3519887 63.56271 6392976913 AP-UN-T ALLIED PROPERTIES REAL ESTAT 2.15311 17.87652 5957790756 RBA-T RITCHIE BROS AUCTIONEERS 8.531915 15.40072 5501601832 NG-T NOVAGOLD RESOURCES INC 2.069717 72.87823 3047773229 ELD-T ELDORADO GOLD CORP 6.284153 191.75 1853216096 BLX-T BORALEX INC -A 0.8902077 23.32375 1820729723 KMP-UN-T KILLAM APARTMENT REAL ESTATE 1.826484 28.52373 1804833264 TXG-T TOREX GOLD RESOURCES INC 0.7212777 50.50039 1667109926 D-UN-T DREAM OFFICE REAL ESTATE INV 5.783805 21.91321 1548141730
Stocks falling to 52-week lows
Return 1W % Return YTD % Market Cap CM-T CAN IMPERIAL BK OF COMMERCE -3.108042 -0.8128561 43676424802 IMO-T IMPERIAL OIL LTD -2.056866 -5.314344 24698609783 TECK-B-T TECK RESOURCES LTD-CLS B -6.585057 -24.442 12452136548 CTC-A-T CANADIAN TIRE CORP-CLASS A -3.543654 -5.938803 8382039969 FM-T FIRST QUANTUM MINERALS LTD -16.21359 -21.80491 5949474250 BB-T BLACKBERRY LTD -4.710921 -8.341915 4876503513 CCO-T CAMECO CORP -7.038627 -30.03876 4286489438 BBD-B-T BOMBARDIER INC-B -14.51613 -21.67488 3896771559 PSK-T PRAIRIESKY ROYALTY LTD -5.146619 -8.074944 3703639242 MX-T METHANEX CORP -5.555555 -34.37487 3260433400 STN-T STANTEC INC -2.107809 -4.404987 3164467148 VET-T VERMILION ENERGY INC -6.436119 -28.53973 3017376320 ARX-T ARC RESOURCES LTD -6.763285 -25.35833 2050549402 NFI-T NFI GROUP INC -7.61347 -24.02181 1573353219 WCP-T WHITECAP RESOURCES INC -6.153846 -12.27096 1510607512 EFX-T ENERFLEX LTD -16.49351 -18.60478 1151187823 SES-T SECURE ENERGY SERVICES INC -7.692307 -12.62948 968624844 BTE-T BAYTEX ENERGY CORP -7.182321 -30.29046 935293279.2 MTL-T MULLEN GROUP LTD -7.820646 -25.23234 926652761.3 FRU-T FREEHOLD ROYALTIES LTD -5.747127 -6.880219 872999882.5 GTE-T GRAN TIERRA ENERGY INC -9.183674 -40.26846 679014901.3 NXE-T NEXGEN ENERGY LTD -5.91716 -34.02489 565661101.4 SW-T SIERRA WIRELESS INC -10.57631 -22.96781 510652962.9 BIR-T BIRCHCLIFF ENERGY LTD -18.7234 -36.10996 507936287.4 KEL-T KELT EXPLORATION LTD -14.8265 -41.81034 497435463.9 WEF-T WESTERN FOREST PRODUCTS INC -3.2 -34.24043 458206825.7 ESI-T ENSIGN ENERGY SERVICES INC -11.34969 -36.87837 458081588.6 PD-T PRECISION DRILLING CORP -22.91667 -37.55274 434797117.3 NVA-T NUVISTA ENERGY LTD -20.19704 -60.29412 365268029
Oversold RSI Price 200DMA Return 1W % Retrun YTD % PE Ratio TTM PE Ratio Fwd ESI-T ENSIGN ENERGY SERVICES INC 15.77 2.89 5.01 -11.35 -36.88 #N/A N/A #N/A N/A NFI-T NFI GROUP INC 16.46 25.24 34.23 -7.61 -24.02 10.24 7.18 EFX-T ENERFLEX LTD 18.99 12.86 17.30 -16.49 -18.60 9.48 9.09 CCO-T CAMECO CORP 19.59 10.83 14.85 -7.04 -30.04 31.35 72.68 STN-T STANTEC INC 19.70 28.33 31.63 -2.11 -4.40 21.07 13.13 HSE-T HUSKY ENERGY INC 20.21 8.64 14.08 -5.98 -37.59 7.72 9.72 PD-T PRECISION DRILLING CORP 20.64 1.48 2.84 -22.92 -37.55 #N/A N/A #N/A N/A NVA-T NUVISTA ENERGY LTD 20.65 1.62 3.80 -20.20 -60.29 6.40 13.06 ATA-T ATS AUTOMATION TOOLING SYS 21.01 18.97 18.99 -6.87 31.83 23.91 16.64 GWO-T GREAT-WEST LIFECO INC 21.05 27.59 30.32 -1.46 0.56 12.67 8.76 PSI-T PASON SYSTEMS INC 21.35 16.42 19.53 -4.76 -8.55 19.32 18.60 VET-T VERMILION ENERGY INC 21.37 19.48 30.70 -6.44 -28.54 25.91 33.41 AFN-T AG GROWTH INTERNATIONAL INC 21.58 43.20 54.38 -6.35 -5.35 11.88 15.97 IGM-T IGM FINANCIAL INC 21.77 34.42 34.91 -2.66 14.47 10.84 10.14 RNW-T TRANSALTA RENEWABLES INC 21.85 12.77 12.63 -6.63 29.21 18.13 #N/A N/A LIF-T LABRADOR IRON ORE ROYALTY CO 22.16 26.21 29.01 -8.55 14.96 8.33 8.54 CIX-T CI FINANCIAL CORP 22.17 18.38 19.32 0.33 8.34 8.21 7.70 BMO-T BANK OF MONTREAL 22.23 92.35 98.89 -3.47 6.71 10.10 9.31 TRQ-T TURQUOISE HILL RESOURCES LTD 22.36 0.61 1.94 -6.15 -72.89 3.21 13.10 BAD-T BADGER DAYLIGHTING LTD 22.52 40.98 39.90 -3.51 28.05 22.59 17.90 PWF-T POWER FINANCIAL CORP 22.93 27.30 29.14 -2.53 8.89 9.72 7.73 BBD/B-T BOMBARDIER INC-B 23.24 1.59 2.31 -14.52 -21.67 #N/A N/A 27.80 BIR-T BIRCHCLIFF ENERGY LTD 23.31 1.91 3.31 -18.72 -36.11 5.28 9.32 CHR-T CHORUS AVIATION INC 23.39 7.15 7.15 -8.57 31.58 8.68 10.04 IMO-T IMPERIAL OIL LTD 23.49 32.38 37.04 -2.06 -5.31 8.21 11.73 Overbought RSI Price 200DMA Return 1W % Retrun YTD % PE Ratio TTM PE Ratio Fwd X-T TMX GROUP LTD 82.81 114.04 85.10 0.35 63.56 24.38 19.57 D-UN-T DREAM OFFICE REAL ESTATE INV 80.94 26.52 23.85 5.78 21.91 16.84 #N/A N/A AIF-T ALTUS GROUP LTD 80.12 37.76 27.75 9.45 61.19 151.25 26.80 MRU-T METRO INC/CN 79.45 53.98 48.52 2.20 14.97 20.14 17.42 RBA-T RITCHIE BROS AUCTIONEERS 78.98 51.01 46.00 8.53 15.40 32.24 26.50 CFP-T CANFOR CORP 77.64 15.24 14.11 64.94 -7.80 45.48 662.61 FTS-T FORTIS INC 77.37 54.23 48.79 0.97 21.38 21.48 20.07 EMP-A-T EMPIRE CO LTD 'A' 76.05 36.36 29.95 1.31 27.49 26.79 17.52 DGC-T DETOUR GOLD CORP 75.94 23.92 13.43 -0.08 107.46 118.65 29.10 AEM-T AGNICO EAGLE MINES LTD 73.76 78.84 57.86 0.37 43.93 155.92 53.50 PVG-T PRETIUM RESOURCES INC 73.03 17.05 11.44 0.24 47.36 46.39 13.23 AP-UN-T ALLIED PROPERTIES REAL ESTAT 72.75 51.24 47.26 2.15 17.88 31.42 #N/A N/A EMA-T EMERA INC 72.67 56.32 48.79 0.90 33.43 18.94 #N/A N/A TXG-T TOREX GOLD RESOURCES INC 72.51 19.55 13.97 0.72 50.50 37.13 13.91 ABX-T BARRICK GOLD CORP 71.81 24.49 18.26 1.79 33.33 140.42 31.15 AQN-T ALGONQUIN POWER & UTILITIES 70.38 17.12 15.05 0.00 27.59 22.21 20.59