News Formal

The most oversold and overbought stocks on the TSX

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A look at equities with price momentum in both directions

The S&P/TSX Composite recovered 1.1 per cent for the trading week ending with Friday’s close and it now stands 3.1 per cent higher for 2023. The index’s of 44 leaves it in technically neutral territory although closer to the oversold buy signal of 30 than the overbought RSI sell signal of 70.

There are 21 technically attractive benchmark stocks according to RSI this week, trading below the buy signal. The five most oversold companies are Canfor Corp., MTY Food Group Inc., Westshore Terminals Investment Corp., Air Canada and Interfor Corp.There are three stocks showing strong price momentum by hitting new 52-week highs – Canadian Natural Resources Ltd., ARC Resources Ltd. and MEG Energy Corp. - and they are ranked by market capitalization in the table below.

There are 14 companies making new 52-week lows. The largest of these are Brookfield Infrastructure Partners, West Fraser Timber Co. Ltd., Air Canada, Kinaxis Inc. and Brookfield Business Partners.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Stock market today: Asian shares sink as investors brace for Israeli invasion of GazaNEW YORK (AP) — Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. U.S. futures edged higher while oil...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dow futures rise amid Middle-East tensions: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street opens higher as some signs of worry easeNEW YORK (AP) — U.S. stocks are opening higher as some of last week’s moves driven by worries about war in the Middle East unwind. The S&P 500 was 0.4% higher early Monday. The Dow rose 220, and the Nasdaq composite rose 0.4%.
Source: SooToday - 🏆 8. / 85 Read more »