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 climbed 0.5 per cent for the trading week ending with Friday’s close and sits 17.0 per cent higher for the year. The benchmark’s of 67 leaves it far closer to the overbought sell signal of 70 than the technically attractive RSI buy signal at 70.

There is only one index constituent trading at oversold levels by RSI this week and that is Parex Resources Inc. There are 33 S&SP/TSX Composite companies ending the week with temporarily vulnerable RSIs above the sell signal this week. The five most overbought stocks are Lightspeed Commerce Inc., Bausch Health Companies Inc., TransAlta Corp., Cogeco Communications Inc. and Manulife FinanciaL Corp.

There are 13 stocks showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The biggest companies making new highs are Brookfield Corp., Manulife Financial Corp., Intact Financial Corp., Brookfield Infrastructure Partners and Emera Inc.

Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofAnalysts’ forecast returns, recommendations and yields for all stocks in the TSXAnalysts’ forecast returns, recommendations and yields for all stocks in the TSX

 

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