News Formal

The most oversold and overbought stocks on the TSX

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 44 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 66%

Corp Nyheter

Cent,Financial,Index

A look at equities with momentum in both directions

The S&P/TSX Composite climbed another 0.9 per cent for the trading week ending with Friday’s close and stands a very respectable 18.1 per cent higher for 2024.

There is only one company, Novagold Resources Inc., with an attractive oversold RSI below the 30 buy signal. Boardwalk REIT is on the border of oversold but didn’t quite make it official. There are 24 index constituents with overbought RSIs above the sell signal at 70. The five most overbought companies in the index are CI Financial Corp., IA Financial Corp., Manulife Financial Corp., Transalta Corp. and Keyera Corp.

There are 21 companies showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The five biggest companies making new highs are Manulife Financial Corp., TC Energy Corp., Sun Life Financial Inc., Fairfax Financial Holdings Ltd. and Pembina Pipeline Corp.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 31. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Top TSX companies ‘powering Canada’s energy transition’: TSX CEOThe vast majority of top-performing stocks on the Toronto Stock Exchange (TSX) are participants in Canada’s energy transition, according to the exchange’s top executive, who also noted investors are now favouring value over growth.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »