The most oversold and overbought stocks on the TSX
The S&P/TSX Composite fell 1.0 per cent for the trading week ending with Friday’s close, leaving it 26.6 per cent higher for 2021 so far.
Relative Strength Index (RSI) leaves the benchmark in the upper end of the technically neutral range with a reading of 60 that is far closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.
There are eight technically attractive benchmark constituents with RSIs below the buy signal. Boyd Group Services Inc. is the most oversold company in the index and it’s followed by Cogeco Communications Inc., TC Energy Corp., Lightspeed Commerce Inc., Quebecor Inc., Aecon Group Inc., and Mullen Group Ltd.
Kinaxis Inc. is the most overbought of the 10 stocks trading in overbought territory. Pretium Resources Inc., SSR Mining Inc., Stantec Inc. and Thomson Reuters Corp. join Kinaxis in the top five.
There are nine companies showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization below. Shopify Inc. (A), Thomson Reuters, Constellation Software Inc., Colliers International Group and Stantec Inc. are the five biggest companies making new highs.
Quebecor Inc., Parkland Corp., Boyd Group Services, Well Health Technologies Corp. and Badger Infrastructure Solutions are hitting new lows.
Stocks falling to 52-week lows
| | | Return 1W % | Return YTD % | Market Cap |
| QBR-B-T | QUEBECOR INC -CL B | -3.87 | -8.71 | 6,937,233,307 |
| PKI-T | PARKLAND CORP | -3.04 | -12.74 | 5,204,225,079 |
| BYD-T | BOYD GROUP SERVICES INC | -3.83 | -6.95 | 4,434,008,061 |
| WELL-T | WELL HEALTH TECHNOLOGIES COR | -6.28 | -22.11 | 1,286,762,560 |
| BDGI-T | BADGER INFRASTRUCTURE SOLUTI | -5.26 | -14.02 | 1,108,665,766 |
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Stocks reaching 52-week highs
| | | Return 1W % | Return YTD % | Market Cap |
| SHOP-T | SHOPIFY INC - CLASS A | 2.14 | 48.88 | 262,966,934,180 |
| TRI-T | THOMSON REUTERS CORP | 4.09 | 52.15 | 75,498,544,985 |
| CSU-T | CONSTELLATION SOFTWARE INC | 2.61 | 36.39 | 47,851,110,486 |
| CIGI-T | COLLIERS INTERNATIONAL GROUP | 1.26 | 62.09 | 8,095,935,348 |
| STN-T | STANTEC INC | 1.53 | 76.48 | 7,996,515,603 |
| KXS-T | KINAXIS INC | 8.43 | 27.04 | 6,210,574,335 |
| LAC-T | LITHIUM AMERICAS CORP | 9.83 | 196.56 | 5,792,611,111 |
| NWH-UN-T | NORTHWEST HEALTHCARE PROPERT | 1.19 | 13.93 | 2,867,677,174 |
| JWEL-T | JAMIESON WELLNESS INC | 2.65 | 12.57 | 1,609,956,035 |
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Overbought and oversold stocks on the TSX
| | OVERSOLD STOCKS | RSI | Price | 200DMA | Return 1W % | Return YTD % |
| BYD-T | BOYD GROUP SERVICES INC | 16.47 | 206.50 | 231.00 | -3.83 | -6.95 |
| CCA-T | COGECO COMMUNICATIONS INC | 18.07 | 98.38 | 115.46 | -4.88 | 2.81 |
| TRP-T | TC ENERGY CORP | 24.34 | 60.18 | 60.93 | -3.21 | 21.50 |
| LSPD-T | LIGHTSPEED COMMERCE INC | 24.55 | 72.83 | 102.13 | -15.80 | -18.09 |
| QBR-B-T | QUEBECOR INC -CL B | 25.60 | 28.72 | 32.44 | -3.87 | -8.71 |
| ARE-T | AECON GROUP INC | 26.71 | 16.83 | 19.10 | -2.53 | 6.39 |
| MTL-T | MULLEN GROUP LTD | 28.37 | 12.15 | 12.75 | -4.74 | 14.29 |
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| | OVERBOUGHT STOCKS | RSI | Price | 200DMA | Return 1W % | Return YTD % |
| KXS-T | KINAXIS INC | 80.73 | 226.97 | 169.30 | 8.43 | 27.04 |
| PVG-T | PRETIUM RESOURCES INC | 75.22 | 17.70 | 13.24 | -2.79 | 21.73 |
| SSRM-T | SSR MINING INC | 73.62 | 24.19 | 20.22 | -0.28 | -2.44 |
| STN-T | STANTEC INC | 73.22 | 71.98 | 57.81 | 1.53 | 76.48 |
| TRI-T | THOMSON REUTERS CORP | 72.37 | 154.96 | 127.61 | 4.09 | 52.15 |
| DSG-T | DESCARTES SYSTEMS GRP/THE | 72.07 | 112.43 | 87.83 | 3.27 | 52.84 |
| GOOS-T | CANADA GOOSE HOLDINGS INC | 71.49 | 64.53 | 51.44 | 2.18 | 71.30 |
| FFH-T | FAIRFAX FINANCIAL HLDGS LTD | 70.86 | 571.52 | 541.98 | 7.43 | 37.25 |
| LNR-T | LINAMAR CORP | 70.76 | 78.65 | 73.47 | 2.80 | 17.40 |
| RBA-T | RITCHIE BROS AUCTIONEERS | 70.41 | 92.35 | 76.66 | 3.31 | 5.18 |
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Source: Bloomberg
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