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The week’s most oversold and overbought stocks on the TSX
by Scott BarlowThe S&P/TSX Composite is no longer overbought after falling 0.7 per cent for the trading week ending with Thursday’s close.
The benchmark’s current Relative Strength Index (RSI) of 62 leaves it far closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30. The index is up 2.7 per cent so far in 2020.
There are three index member companies trading in the technically attractive range with RSIs under 30. Spin Master Corp.is the most oversold stock in the benchmark, followed by Enerplus Corp. and Shawcor Ltd.
There are 38 index stocks trading in overbought territory with RSI readings above 70.
The ten most overbought companies are, in order, Thomson Reuters Corp., Capital Power Corp., Northland Power Corp., Franco-Nevada Corp., Enbridge Inc., Transalta Renewables Inc., Innergex Renewable Energy, Algonquin Power and Utilities, Altagas Ltd. and Brookfield Infrastructure Partners LP.
There are 19 S&P/TSX Composite stocks with price momentum strong enough to make new 52-week highs and they are sorted by market capitalization below.
Enbridge Inc. is the largest company hitting new highs. Shopify Inc. and Thomson Reuters Corp are next.
Canada Goose Holdings Inc. is the largest company making new 52-week lows this week, followed by Spin Master Corp., Enerplus Corp., Labrador Iron Ore Royalty Co., Enerflex Ltd., and Shawcor Ltd.
Stocks falling to 52-week lows
Stocks hitting 52-week highs
| Return 1W % | Return YTD % | ||
|---|---|---|---|
| ENB-T | ENBRIDGE INC | 0.97 | 5.31 |
| SHOP-T | SHOPIFY INC - CLASS A | 2.11 | 21.81 |
| TRI-T | THOMSON REUTERS CORP | 3.25 | 15.01 |
| CP-T | CANADIAN PACIFIC RAILWAY LTD | 3.89 | 7.35 |
| BIP-UN-T | BROOKFIELD INFRASTRUCTURE PA | 1.35 | 11.41 |
| FNV-T | FRANCO-NEVADA CORP | 4.53 | 11.25 |
| PPL-T | PEMBINA PIPELINE CORP | 0.10 | 6.13 |
| NA-T | NATIONAL BANK OF CANADA | 0.69 | 2.97 |
| H-T | HYDRO ONE LTD | 1.05 | 6.98 |
| CU-T | CANADIAN UTILITIES LTD-A | 0.69 | 3.65 |
| AQN-T | ALGONQUIN POWER & UTILITIES | 2.02 | 10.18 |
| ALA-T | ALTAGAS LTD | 7.63 | 10.19 |
| DOO-T | BRP INC/CA- SUB VOTING | 3.64 | 14.66 |
| RNW-T | TRANSALTA RENEWABLES INC | 1.65 | 7.68 |
| CPX-T | CAPITAL POWER CORP | 1.37 | 5.52 |
| HBC-T | HUDSON'S BAY CO | 0.37 | 10.73 |
| CJT-T | CARGOJET INC | 3.08 | 12.93 |
| ECN-T | ECN CAPITAL CORP | 7.48 | 13.99 |
| REAL-T | REAL MATTERS INC | 9.25 | 13.07 |
Overbought and oversold stocks
| Oversold | RSI | Price | 200DMA | Return 1W % | Return YTD % | PE Ratio TTM | PE Ratio Fwd | |
|---|---|---|---|---|---|---|---|---|
| TOY-T | SPIN MASTER CORP-SUB VTG SHR | 17.76 | 31.93 | 39.95 | -5.98 | -19.25 | 25.15 | 26.30 |
| ERF-T | ENERPLUS CORP | 18.56 | 6.78 | 9.31 | -6.99 | -26.60 | 5.56 | 6.85 |
| SCL-T | SHAWCOR LTD | 19.49 | 10.55 | 15.59 | -11.20 | -15.80 | 35.17 | 90.17 |
| Overbought | RSI | Price | 200DMA | Return 1W % | Return YTD % | PE Ratio TTM | PE Ratio Fwd | |
| TRI-T | THOMSON REUTERS CORP | 87.00 | 106.83 | 89.94 | 3.25 | 15.01 | 179.71 | 48.41 |
| CPX-T | CAPITAL POWER CORP | 83.62 | 36.29 | 31.58 | 1.37 | 5.52 | 17.44 | 8.30 |
| NPI-T | NORTHLAND POWER INC | 82.31 | 29.80 | 25.94 | 2.68 | 9.93 | 22.06 | #N/A N/A |
| FNV-T | FRANCO-NEVADA CORP | 81.98 | 149.18 | 119.72 | 4.53 | 11.25 | 74.33 | 53.12 |
| ENB-T | ENBRIDGE INC | 80.97 | 54.37 | 48.38 | 0.97 | 5.31 | 19.79 | 20.78 |
| RNW-T | TRANSALTA RENEWABLES INC | 80.59 | 16.63 | 14.17 | 1.65 | 7.68 | 24.68 | #N/A N/A |
| INE-T | INNERGEX RENEWABLE ENERGY | 80.11 | 18.78 | 15.56 | 1.13 | 11.39 | 120.46 | 152.68 |
| AQN-T | ALGONQUIN POWER & UTILITIES | 79.98262 | 20.24 | 17.32425 | 2.016129 | 10.17964 | 24.59743247 | 19.35102797 |
| ALA-T | ALTAGAS LTD | 79.43333 | 21.71 | 19.4198 | 7.630927 | 10.18839 | 14.78189996 | 17.89777411 |
| BIP-UN-T | BROOKFIELD INFRASTRUCTURE PA | 79.38721 | 72.26 | 62.0027 | 1.346424 | 11.40919 | #N/A N/A | 59.39913847 |
| BLX-T | BORALEX INC -A | 78.98248 | 27.58 | 21.65095 | 2.148148 | 12.75552 | #N/A N/A | #N/A N/A |
| ECN-T | ECN CAPITAL CORP | 78.35 | 5.46 | 4.53 | 7.48 | 13.99 | 179.61 | 12.00 |
| MIC-T | GENWORTH MI CANADA INC | 77.42 | 58.92 | 45.61 | 1.48 | 7.82 | 11.51 | 11.35 |
| CJT-T | CARGOJET INC | 77.34 | 116.69 | 93.91 | 3.08 | 12.93 | 73.55 | 87.41 |
| T-T | TELUS CORP | 77.15 | 53.18 | 49.06 | 2.09 | 5.77 | 18.67 | 17.80 |
| H-T | HYDRO ONE LTD | 76.64 | 26.83 | 23.97 | 1.05 | 6.98 | #N/A N/A | 18.92 |
| SHOP-T | SHOPIFY INC - CLASS A | 76.27 | 628.89 | 440.04 | 2.11 | 21.81 | #N/A N/A | 636.68 |
| CAE-T | CAE INC | 76.02 | 39.58 | 34.42 | 2.86 | 15.13 | 31.37 | 26.55 |
| FTS-T | FORTIS INC | 75.25 | 57.87 | 53.30 | -0.09 | 7.41 | 22.92 | 20.55 |
| PBH-T | PREMIUM BRANDS HOLDINGS CORP | 75.18 | 95.86 | 89.70 | 1.55 | 5.39 | 35.28 | 24.21 |
| ATZ-T | ARITZIA INC-SUBORDINATE VOTI | 75.15 | 25.01 | 18.56 | -0.28 | 31.29 | 32.67 | 24.31 |
| GRT-UN-T | GRANITE REAL ESTATE INVESTME | 75.04 | 71.87 | 64.19 | 1.05 | 9.29 | 26.23 | #N/A N/A |
| DOO-T | BRP INC/CA- SUB VOTING | 74.85 | 67.83 | 50.97 | 3.64 | 14.66 | 18.82 | 15.90 |
| HBC-T | HUDSON'S BAY CO | 74.26 | 10.94 | 9.30 | 0.37 | 10.73 | #N/A N/A | #N/A N/A |
| NA-T | NATIONAL BANK OF CANADA | 73.87 | 74.22 | 66.08 | 0.69 | 2.97 | 11.67 | 11.11 |
| EFN-T | ELEMENT FLEET MANAGEMENT COR | 73.66 | 12.78 | 10.53 | 0.63 | 15.24 | 18.05 | 13.00 |
| BAM-A-T | BROOKFIELD ASSET MANAGE-CL A | 73.33 | 82.01 | 69.54 | -0.17 | 9.30 | 12.47 | #N/A N/A |
| X-T | TMX GROUP LTD | 72.59 | 122.50 | 105.00 | 2.05 | 8.94 | 25.80 | 24.51 |
| TRP-T | TC ENERGY CORP | 72.52643 | 72.8 | 66.6363 | 1.026922 | 5.263158 | 17.61435857 | 17.88258413 |
| CLS-T | CELESTICA INC | 72.29441 | 12.06 | 9.6363 | 3.165098 | 11.97772 | 73.59730337 | 11.78355581 |
| CGX-T | CINEPLEX INC | 72.21353 | 33.84 | 25.76975 | 0.2950723 | 0.4135894 | 39.15284553 | #N/A N/A |
| D-UN-T | DREAM OFFICE REAL ESTATE INV | 72.14471 | 32.75 | 27.3324 | 0.1016158 | 5.471667 | 31.53277194 | #N/A N/A |
| TA-T | TRANSALTA CORP | 72.08487 | 9.92 | 8.64695 | 3.333333 | 6.896552 | #N/A N/A | #N/A N/A |
| CP-T | CANADIAN PACIFIC RAILWAY LTD | 72.03018 | 355.35 | 311.2728 | 3.885283 | 7.346766 | 21.5737559 | 19.29048369 |
| PPL-T | PEMBINA PIPELINE CORP | 71.81005 | 50.87 | 48.3726 | 0.09838646 | 6.129663 | 16.50273654 | 20.95140033 |
| AIF-T | ALTUS GROUP LTD | 71.0222 | 43.65 | 35.37 | -0.8855586 | 14.98946 | 119.1324254 | 3.752256512 |
| IIP-UN-T | INTERRENT REAL ESTATE INVEST | 70.47064 | 16.87 | 15.1772 | 0.09379739 | 8.029623 | 11.98488841 | #N/A N/A |
| STN-T | STANTEC INC | 70.45965 | 39.9 | 32.36895 | 1.243339 | 8.719346 | 25.69007566 | 17.03672075 |
Source: Bloomberg/Scott Barlow