The most oversold and overbought stocks on the TSX

of 47 leaves it in neutral technical territory, not far from the midpoint between the oversold by signal of 30 and the overbought RSI sell signal at 70.

There are only two index stocks trading with attractive RSIs below 30 this week – West Fraser Timber Co. Ltd. and Air Canada - which is surprising in light of the benchmark’s decline over the past week. There are 14 index constituents trading with technical vulnerable RSIs above the sell signal this week. The five most overbought stocks are RB Global Inc., Canopy Growth Corp., Cenovus Energy Corp., Precision Drilling Corp. and Celestica Inc.

There are two companies with stock prices showing strong momentum by hitting new 52-week highs – Parkland Corp. and Paramount Resources. There are five stock prices hitting new 52-week lows and these are sorted by market capitalization below. Canadian National Railway Co. is the biggest company hitting new lows, followed by Canadian Imperial Bank of Commerce, Aritzia Inc., Canfor Corp., and MAG Silver Corp.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fear of Stock Market Dive Creeps Back as Hedging Costs Climb(Bloomberg) -- The S&P 500 Index’s surprise 16% rally this year is rewarding traders who bought in early and punishing those who’ve remained skeptical. But fear of a downturn remains.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsWall Street Fears a Too-Hot Economy as Recession Bets PlungeUS, EU Agree on Mideast-India Rail and Shipping
Source: YahooFinanceCA - 🏆 47. / 63 Read more »