The most oversold and overbought stocks on the TSX

is in the lower range of technical neutral territory at 42, closer to the oversold buy signal of 30 than the RSI sell signal at 70.

There are eight companies trading with technically attractive RSIs below 30 this week. The five most oversold stocks are Canadian Tire Corp., Brookfield Business Partners LP, Nuvei Corp., Pet Valu Holdings Ltd. and Sleep Country Canada Holdings. There are four stocks trading with overbought, technically vulnerable RSIs above 70 – Home capital Group Inc., Celestica Inc., Cameco Corp. and Altus Group Ltd.

There are five S&P/TSX Composite constituents showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. These are Alimentation Couche-Tard Inc., Cameco Corp., Keyera Corp., Nexgen Energy Ltd. and Home Capital Group.Return 1W %

United States United States Latest News, United States United States Headlines

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

China halves stamp duty on stock trades to boost flagging marketBEIJING (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

China Cuts Tax on Stock Trading to Boost Market ConfidenceChina lowered the stamp duty on stock trades for the first time since 2008, marking a major attempt to restore confidence in the world’s second-largest equity market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »