The week’s most oversold and overbought stocks on the TSX
by Scott BarlowThe S&P/TSX Composite rose another 0.4 per cent for the trading week ending with Thursday’s close and stands 4.8 per cent higher for 2020.
In terms of technical analysis, the benchmark’s Relative Strength Index (RSI) reading of 68 puts it right below the overbought RSI sell signal of 70 for the second week in a row.
There are three index members trading in the attractive oversold RSI range below the buy signal of 30. Chemtrade Logistics Income Fund is the most oversold company in the benchmark, and it’s joined by Pretium Resources Inc. and Finning International Inc.
There are 49 S&P/TSX composite stocks – more than 20 per cent of the total - trading in overbought territory above the 70 sell signal.
The ten most overbought stocks according to RSI this week are, in order, Boralex Inc., Hydro One Ltd., Northland Power Inc., Capital Power Corp., Brookfield Renewable Partners LP, Innergex Renewable Energy , Premium Brands Holding Corp., Brookfield Asset Management , Allied Properties REIT and NFI Group Inc.
There are 33 benchmark members showing strong price momentum by making new 52-week highs this week, and they are ranked by market capitalization in the table below.
The biggest company making new highs is Brookfield Asset Management, followed by Shopify Inc., TC Energy Corp., Canadian pacific railway Ltd., Waste Connections Inc., Constellation Software Inc., Brookfield Infrastructure Partners LP and Fortis Inc.
There is only one stock, Frontera Energy Corp., hitting new 52-week lows
Stocks falling to 52-week lows
| Return 1W % | Return YTD % | ||
|---|---|---|---|
| FEC-T | FRONTERA ENERGY CORP | -6.594594 | -9.928237 |
Stocks hitting 52-week highs
| Return 1W % | Return YTD % | Market Cap | ||
|---|---|---|---|---|
| BAM-A-T | BROOKFIELD ASSET MANAGE-CL A | 3.52 | 17.85 | 93,354,951,556 |
| SHOP-T | SHOPIFY INC - CLASS A | 12.31 | 36.82 | 83,238,463,681 |
| TRP-T | TC ENERGY CORP | 1.01 | 6.85 | 69,629,243,345 |
| CP-T | CANADIAN PACIFIC RAILWAY LTD | 0.58 | 9.61 | 49,489,734,195 |
| WCN-T | WASTE CONNECTIONS INC | 2.38 | 15.64 | 35,774,773,052 |
| CSU-T | CONSTELLATION SOFTWARE INC | 2.70 | 19.85 | 31,299,889,810 |
| BIP-UN-T | BROOKFIELD INFRASTRUCTURE PA | 0.67 | 13.07 | 29,112,215,684 |
| FTS-T | FORTIS INC | 1.87 | 8.46 | 27,138,646,278 |
| H-T | HYDRO ONE LTD | 3.86 | 14.67 | 17,227,584,966 |
| CU-T | CANADIAN UTILITIES LTD-A | 2.24 | 7.41 | 11,445,536,290 |
| AQN-T | ALGONQUIN POWER & UTILITIES | 7.63 | 17.42 | 11,344,192,710 |
| CAR-UN-T | CAN APARTMENT PROP REAL ESTA | 0.99 | 10.01 | 9,944,067,713 |
| AP-UN-T | ALLIED PROPERTIES REAL ESTAT | 4.47 | 12.92 | 7,245,580,244 |
| ACO-X-T | ATCO LTD -CLASS I | 3.57 | 8.42 | 6,228,787,096 |
| ALA-T | ALTAGAS LTD | 1.54 | 10.59 | 6,159,178,298 |
| CIGI-T | COLLIERS INTERNATIONAL GROUP | 3.03 | 14.65 | 4,736,798,684 |
| TFII-T | TFI INTERNATIONAL INC | 7.86 | 9.78 | 4,111,914,329 |
| GRT-UN-T | GRANITE REAL ESTATE INVESTME | 0.59 | 11.62 | 3,980,274,536 |
| CT-UN-T | CT REAL ESTATE INVESTMENT TR | 1.58 | 3.70 | 3,824,802,462 |
| OSB-T | NORBORD INC | 8.12 | 25.71 | 3,539,162,078 |
| KXS-T | KINAXIS INC | 1.49 | 16.29 | 3,077,006,086 |
| BLX-T | BORALEX INC -A | 5.16 | 25.88 | 2,975,928,591 |
| CUF-UN-T | COMINAR REAL ESTATE INV-TR U | 1.34 | 6.93 | 2,751,702,725 |
| BEI-UN-T | BOARDWALK REAL ESTATE INVEST | 3.57 | 9.40 | 2,544,301,034 |
| NVU-UN-T | NORTHVIEW APARTMENT REAL EST | 1.91 | 8.23 | 2,432,026,740 |
| DIR-UN-T | DREAM INDUSTRIAL REAL ESTATE | 2.44 | 8.90 | 2,427,894,069 |
| TCN-T | TRICON CAPITAL GROUP INC | 1.72 | 11.01 | 2,298,909,042 |
| IIP-UN-T | INTERRENT REAL ESTATE INVEST | 1.47 | 10.53 | 2,146,474,312 |
| NWH-UN-T | NORTHWEST HEALTHCARE PROPERT | 5.40 | 10.24 | 2,019,091,872 |
| D-UN-T | DREAM OFFICE REAL ESTATE INV | 2.71 | 8.66 | 1,992,386,020 |
| SMU-UN-T | SUMMIT INDUSTRIAL INCOME REI | 3.30 | 14.50 | 1,882,609,458 |
| AIF-T | ALTUS GROUP LTD | 1.78 | 17.65 | 1,806,014,907 |
| REAL-T | REAL MATTERS INC | 11.47 | 30.11 | 1,340,539,199 |
This week's overbought and oversold stocks
| Oversold | RSI | Price | 200DMA | Retrn 1W % | Return YTD % | PE Ratio TTM | PE Ratio Fwd | |
|---|---|---|---|---|---|---|---|---|
| CHE-UN-T | CHEMTRADE LOGISTICS INCOM FD | 18.39 | 8.66 | 10.23 | -1.91 | -20.21 | #N/A N/A | #N/A N/A |
| PVG-T | PRETIUM RESOURCES INC | 18.69 | 9.80 | 13.95 | -27.08 | -31.97 | 26.96 | 14.03 |
| FTT-T | FINNING INTERNATIONAL INC | 25.23 | 21.82 | 23.33 | -10.53 | -15.34 | 13.37 | 12.27 |
| Overbought | RSI | Price | 200DMA | Return 1W % | Return YTD % | PE Ratio TTM | PE Ratio Fwd | |
| BLX-T | BORALEX INC -A | 92.55 | 30.84 | 22.18 | 5.16 | 25.88 | #N/A N/A | 124.35 |
| H-T | HYDRO ONE LTD | 89.44 | 28.86 | 24.28 | 3.86 | 14.67 | 18.82 | 20.50 |
| NPI-T | NORTHLAND POWER INC | 86.44 | 31.44 | 26.27 | 2.56 | 15.16 | 23.27 | 23.64 |
| CPX-T | CAPITAL POWER CORP | 84.91 | 38.13 | 31.85 | 1.90 | 9.22 | 18.32 | 14.15 |
| BEP-UN-T | BROOKFIELD RENEWABLE PARTNER | 84.51 | 71.38 | 52.97 | 2.08 | 17.11 | #N/A N/A | 299.22 |
| INE-T | INNERGEX RENEWABLE ENERGY | 84.39 | 21.55 | 15.87 | 2.56 | 28.29 | 138.23 | 57.77 |
| PBH-T | PREMIUM BRANDS HOLDINGS CORP | 82.37 | 101.40 | 90.85 | 2.90 | 11.42 | 37.32 | 25.68 |
| BAM-A-T | BROOKFIELD ASSET MANAGE-CL A | 82.01 | 88.90 | 70.55 | 3.52 | 17.85 | 18.39 | #N/A N/A |
| AP-UN-T | ALLIED PROPERTIES REAL ESTAT | 81.75 | 58.99 | 51.65 | 4.47 | 12.92 | 37.44 | #N/A N/A |
| NFI-T | NFI GROUP INC | 81.24 | 33.90 | 30.37 | 2.85 | 27.28 | 19.56 | 11.66 |
| PPL-T | PEMBINA PIPELINE CORP | 81.21 | 52.48 | 48.48 | 1.08 | 9.82 | 17.03 | 21.75 |
| SHOP-T | SHOPIFY INC - CLASS A | 80.97 | 710.17 | 457.78 | 12.31 | 36.82 | #N/A N/A | 2014.50 |
| SMU-UN-T | SUMMIT INDUSTRIAL INCOME REI | 80.55 | 13.81 | 12.71 | 3.30 | 14.50 | #N/A N/A | #N/A N/A |
| NWH-UN-T | NORTHWEST HEALTHCARE PROPERT | 80.27 | 13.18 | 11.95 | 5.40 | 10.24 | #N/A N/A | #N/A N/A |
| AQN-T | ALGONQUIN POWER & UTILITIES | 79.71 | 21.61 | 17.60 | 7.63 | 17.42 | 26.20 | 21.80 |
| REAL-T | REAL MATTERS INC | 79.56 | 15.82 | 10.14 | 11.47 | 30.11 | 5.92 | 30.84 |
| TA-T | TRANSALTA CORP | 78.83 | 10.81 | 8.69 | 5.63 | 15.30 | #N/A N/A | #N/A N/A |
| DOO-T | BRP INC/CA- SUB VOTING | 78.66 | 74.92 | 52.42 | 8.26 | 25.61 | 20.78 | 17.55 |
| OSB-T | NORBORD INC | 77.80 | 43.46 | 33.40 | 8.12 | 25.71 | #N/A N/A | 14.41 |
| RNW-T | TRANSALTA RENEWABLES INC | 76.75 | 17.59 | 14.34 | 1.91 | 13.70 | 26.11 | 21.77 |
| KMP-UN-T | KILLAM APARTMENT REAL ESTATE | 76.55 | 21.45 | 19.66 | 2.54 | 11.18 | 15.64 | #N/A N/A |
| WCN-T | WASTE CONNECTIONS INC | 76.40 | 135.62 | 122.98 | 2.38 | 15.64 | 43.59 | 35.21 |
| STN-T | STANTEC INC | 76.03 | 41.91 | 32.77 | 1.35 | 14.22 | 26.98 | 17.97 |
| CSU-T | CONSTELLATION SOFTWARE INC | 76.03 | 1474.66 | 1287.19 | 2.70 | 19.85 | 69.78 | 30.23 |
| CJT-T | CARGOJET INC | 75.92 | 122.00 | 96.00 | 0.52 | 18.17 | 76.90 | 90.17 |
| TRP-T | TC ENERGY CORP | 75.76 | 74.12 | 67.13 | 1.01 | 6.85 | 17.07 | 18.09 |
| BEI-UN-T | BOARDWALK REAL ESTATE INVEST | 75.61 | 50.34 | 44.09 | 3.57 | 9.40 | 150.25 | #N/A N/A |
| GRT-UN-T | GRANITE REAL ESTATE INVESTME | 75.56 | 73.68 | 64.73 | 0.59 | 11.62 | 26.89 | #N/A N/A |
| FSV-T | FIRSTSERVICE CORP | 75.46 | 147.29 | 128.43 | -0.67 | 21.81 | #N/A N/A | 33.27 |
| ACO-X-T | ATCO LTD -CLASS I | 75.46 | 54.25 | 47.68 | 3.57 | 8.42 | 8.33 | 18.15 |
| WN-T | WESTON (GEORGE) LTD | 75.37 | 110.07 | 105.27 | 1.37 | 6.71 | 18.21 | 14.43 |
| D-UN-T | DREAM OFFICE REAL ESTATE INV | 74.91 | 34.10 | 27.81 | 2.71 | 8.66 | 32.83 | #N/A N/A |
| IIP-UN-T | INTERRENT REAL ESTATE INVEST | 74.81 | 17.26 | 15.35 | 1.47 | 10.53 | 12.26 | #N/A N/A |
| AIF-T | ALTUS GROUP LTD | 74.59 | 44.93 | 36.21 | 1.78 | 17.65 | 122.63 | 3.86 |
| BCB-T | COTT CORPORATION | 74.23 | 20.92 | 17.65 | 0.91 | 18.38 | 113.07 | 42.08 |
| CIGI-T | COLLIERS INTERNATIONAL GROUP | 73.72 | 119.00 | 94.79 | 3.03 | 14.65 | 26.88 | 17.20 |
| NVU-UN-T | NORTHVIEW APARTMENT REAL EST | 73.14 | 32.13 | 28.87 | 1.91 | 8.23 | 18.37 | #N/A N/A |
| BIP-UN-T | BROOKFIELD INFRASTRUCTURE PA | 72.76 | 73.65 | 62.85 | 0.67 | 13.07 | 2625.25 | 53.42 |
| TCN-T | TRICON CAPITAL GROUP INC | 72.64 | 11.83 | 10.53 | 1.72 | 11.01 | 13.86 | 11.07 |
| ECN-T | ECN CAPITAL CORP | 72.28 | 5.98 | 4.62 | -2.94 | 24.22 | 196.28 | 13.16 |
| SLF-T | SUN LIFE FINANCIAL INC | 72.26 | 66.25 | 57.42 | 2.46 | 10.23 | 15.20 | 12.07 |
| CIX-T | CI FINANCIAL CORP | 71.95755 | 25.22 | 20.7199 | -0.1230012 | 12.20636 | 10.86578571 | 9.840031213 |
| IFC-T | INTACT FINANCIAL CORP | 71.9259 | 151.75 | 130.606 | -1.433785 | 7.705455 | 33.69933663 | 18.4655634 |
| FNV-T | FRANCO-NEVADA CORP | 71.48888 | 153.3 | 122.4958 | 0.1383855 | 13.32687 | 76.21503896 | 54.48512729 |
| SNC-T | SNC-LAVALIN GROUP INC | 71.46347 | 33.75 | 24.16565 | 3.021978 | 12.68781 | #N/A N/A | 19.48614319 |
| HBC-T | HUDSON'S BAY CO | 71.37686 | 10.94 | 9.4709 | -0.1824818 | 10.72874 | #N/A N/A | #N/A N/A |
| TFII-T | TFI INTERNATIONAL INC | 71.17215 | 47.07 | 41.6354 | 7.856341 | 9.778387 | 13.89605201 | 11.46092038 |
| EFN-T | ELEMENT FLEET MANAGEMENT COR | 70.19117 | 13.17 | 10.76735 | -0.3782148 | 18.75564 | 18.60387599 | 13.37055838 |
| T-T | TELUS CORP | 70.16437 | 53.63 | 49.2811 | 0.8880666 | 8.452665 | 18.69160219 | 18.44222834 |
Source: Bloomberg/Scott Barlow