The most oversold and overbought stocks on the TSX

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A look at equities with price momentum in both directions

The S&P/TSX Composite fell 1.6 per cent for the trading week ending with Friday’s close and is now only 4.7 per cent higher for the year. The benchmark’s of 38 leaves it closer to the technically attractive buy signal of 30 than the overbought RSI sell signal of 70.

There are nine index stocks trading with attractive oversold RSIs below 30. Pet Valu Holdings Ltd. is the most oversold company followed by Magna International Inc., National Bank of Canada, Canadian Natural Resources Ltd. and Algonquin Power and Utilities Ltd. There are six stocks with temporarily vulnerable RSIs above 70 this week. Park Lawn Corp. is the most overbought company with Canadian Western Bank, Capital Power Corp., CargoJet Inc., Boyd Group Services Inc. and North West Co. Inc. after that.

There is only one index constituent – Cargojet – showing strong price momentum by hitting a new 52-week high. There are five stocks hitting new 52-week lows and they are ranked by market capitalization in the table below. Toronto-Dominion Bank is the biggest company making new lows and Magna International, CAE Inc., Blackberry Ltd. and Westshore Terminals Investment Corp. next.

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of

 

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