TSX:ATS - Post Discussion
Post by
retiredcf on Mar 14, 2022 12:58pm
Oversold
As I'm sure no one needs reminding, we continue to be oversold. GLTA
The S&P/TSX Composite was higher by 0.32 per cent for the trading week ending with Friday’s close and is 1.6 per cent higher for 2022 so far. Relative Strength Index (RSI) leaves the index in the higher portion of the technically neutral range with a 56 reading that is closer to the overbought sell signal of 70 than the oversold, technically attractive buy signal of 30.
There are six oversold benchmark constituents this week, most from the manufacturing sector. They are, in order, Linamar Corp., Magna International Inc., Cargojet Inc., ATS Automation Tooling Systems Inc., Martinrea International Inc., and FirstService Corp.
Be the first to comment on this post