Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN.PR.C

Primary Symbol: T.ECN Alternate Symbol(s): ECNCF | ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial... see more

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TSX:ECN - Post Discussion

ECN Capital Corp > Oversold

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Post by retiredcf on Nov 07, 2022 1:25pm

Oversold

No surprise here. GLTA

The S&P/TSX composite was almost exactly flat for the trading week ending with Friday’s close, falling 0.07 per cent. Year to date the benchmark is lower by 6.0 per cent.

Relative Strength Index (RSI) leaves the index in the upper end of technically neutral territory with a 58 reading that is closer to the RSI sell signal of 70 than the oversold, RSI buy signal of 30.

There are four oversold companies trading below the RSI buy signal of 30 this week. In order, these are Spin Master Corp., Chartwell Retirement Residences, ECN Capital Corp. and Westshore Terminals Investment Corp.

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