The most oversold and overbought stocks on the TSX
The S&P/TSX Composite jumped 1.8 per cent for the week ending with Friday’s close and stands 5.9 per cent higher for the year.
Relative Strength Index (RSI) indicates that the benchmark is in the higher end of technically neutral territory with a 55 level closer to the overbought sell signal of 70 than the oversold RSI buy signal of 30.
Utilities stocks dominate the 10-company list of oversold, technically attractive benchmark members according to RSI this week. Innergex Renewable Energy Inc. is the most oversold stock in the index and it’s followed by Kinaxis Inc., Algonquin Power and Utilities, Cargojet Inc., Transalta Renewables Inc. and Brookfield Renewable Partners LP.
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The list of technically vulnerable index stocks expanded to 31 this week after the market’s overall strong return.
Banks dominate the overbought category with National Bank and Canadian Imperial Bank of Commerce. the most extended stocks in the S&P/TSX Composite and Laurentian Bank of Canada not far behind in fourth place (Spinmaster Corp. is in third place).
Other prominent names trading above the RSI sell signal of 70 this week include Baytex Energy Corp., Whitecap Resources Inc., Cenovus Energy, First Capital REIT, Bank of Nova Scotia and Suncor Energy Inc.
There are no benchmark stocks making either new 52-week highs or 52-week lows.
OVERSOLD STOCKS
RSI
Price
200DMA
Return 1W %
Return YTD %
PE Ratio TTM
PE Ratio Fwd
INE-T
INNERGEX RENEWABLE ENERGY
16.90
21.41
23.89
-9.55
-20.42
#N/A N/A
120.96
KXS-T
KINAXIS INC
22.25
135.63
187.28
-22.74
-26.32
218.60
155.92
AQN-T
ALGONQUIN POWER & UTILITIES
24.75
19.39
19.73
-2.44
-8.21
28.90
20.89
CJT-T
CARGOJET INC
24.83
170.26
189.85
-12.69
-22.35
#N/A N/A
36.34
RNW-T
TRANSALTA RENEWABLES INC
25.11
18.90
17.41
-7.53
-13.63
37.22
24.23
BEP-UN-T
BROOKFIELD RENEWABLE PARTNER
26.88
48.47
46.15
-8.93
-9.94
#N/A N/A
#N/A N/A
BLX-T
BORALEX INC -A
27.81
39.43
38.51
-10.12
-15.42
58.94
60.02
CPX-T
CAPITAL POWER CORP
29.49
34.27
31.29
-1.66
-3.54
29.23
20.05
TA-T
TRANSALTA CORP
29.58
10.68
9.05
-7.28
7.05
#N/A N/A
#N/A N/A
OGC-T
OCEANAGOLD CORP
29.76
1.80
2.53
-2.17
-26.83
#N/A N/A
10.15
OVERBOUGHT STOCKS
RSI
Price
200DMA
Return 1W %
Return YTD %
PE Ratio TTM
PE Ratio Fwd
NA-T
NATIONAL BANK OF CANADA
88.64
84.28
68.33
4.18
16.57
12.79
11.29
CM-T
CAN IMPERIAL BK OF COMMERCE
84.61
123.23
102.94
4.42
12.69
12.56
10.50
TOY-T
SPIN MASTER CORP-SUB VTG SHR
84.39
41.81
27.52
43.72
39.95
61.52
31.54
LB-T
LAURENTIAN BANK OF CANADA
84.39
40.76
29.94
15.09
28.59
13.16
11.70
FEC-T
FRONTERA ENERGY CORP
81.10
6.78
3.39
11.39
119.31
#N/A N/A
#N/A N/A
IPL-T
INTER PIPELINE LTD
80.92
17.95
13.40
1.01
53.20
24.04
21.01
BTE-T
BAYTEX ENERGY CORP
80.25
1.48
0.70
21.95
117.39
#N/A N/A
113.85
WCP-T
WHITECAP RESOURCES INC
78.87
6.69
3.37
18.80
39.87
#N/A N/A
27.64
CVE-T
CENOVUS ENERGY INC
78.82
10.37
6.64
10.40
34.19
#N/A N/A
1152.22
FRU-T
FREEHOLD ROYALTIES LTD
78.29
7.76
4.58
12.32
49.71
#N/A N/A
77.60
AIF-T
ALTUS GROUP LTD
76.93
59.70
48.97
6.40
20.86
65.69
29.86
CPG-T
CRESCENT POINT ENERGY CORP
76.93
5.38
2.62
17.77
85.19
17.09
15.78
EFX-T
ENERFLEX LTD
76.65
9.34
6.13
8.35
44.36
9.21
31.99
FCR-UN-T
FIRST CAPITAL REAL ESTATE IN
76.61
16.70
14.15
5.92
21.98
19.67
#N/A N/A
MEG-T
MEG ENERGY CORP
76.54
7.69
3.92
18.57
75.06
#N/A N/A
71.20
CNQ-T
CANADIAN NATURAL RESOURCES
75.96
39.29
27.26
13.17
28.41
#N/A N/A
19.80
VET-T
VERMILION ENERGY INC
73.51
9.31
5.73
17.82
65.32
#N/A N/A
#N/A N/A
CAE-T
CAE INC
73.35
39.37
25.82
14.90
9.72
93.27
45.20
SJR-B-T
SHAW COMMUNICATIONS INC-B
73.27
23.84
23.27
7.22
7.25
17.69
17.47
CUF-UN-T
COMINAR REAL ESTATE INV-TR U
73.13
9.40
8.01
6.12
16.23
10.19
#N/A N/A
STN-T
STANTEC INC
73.06004
51.68
42.3205
3.075694
25.02423
27.17971551
22.15173596
ERF-T
ENERPLUS CORP
72.98
6.69
3.77
10.23
71.29
#N/A N/A
9.36
ARE-T
AECON GROUP INC
72.83
19.80
15.47
4.51
17.54
43.44
19.80
BHC-T
BAUSCH HEALTH COS INC
72.80
42.32
26.52
4.34
58.24
245.36
7.62
BNS-T
BANK OF NOVA SCOTIA
72.60
78.19
61.19
4.07
14.04
14.55
11.17
SU-T
SUNCOR ENERGY INC
72.53
27.84
21.48
10.97
31.35
#N/A N/A
30.23
CWB-T
CANADIAN WESTERN BANK
72.23
35.20
26.92
2.27
19.53
11.91
11.34
CHR-T
CHORUS AVIATION INC
72.20
4.92
3.18
11.43
26.49
16.82
12.12
MSI-T
MORNEAU SHEPELL INC
70.64
33.26
30.29
1.50
7.43
73.15
53.22
MFC-T
MANULIFE FINANCIAL CORP
70.53
27.26
20.66
5.60
19.62
9.34
8.56
ZZZ-T
SLEEP COUNTRY CANADA HOLDING
70.19
31.47
22.02
13.44
16.28
18.28
15.48
IMO-T
IMPERIAL OIL LTD
70.16
30.66
22.43
8.41
25.15
#N/A N/A
15.32
Source: Bloomberg
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Riel Roussopoulos
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