The S&P/TSX Composite rose another 1.9 per cent for the week ending with Friday’s close and is ow 8.8 per cent higher year to date. The benchmark is now officially overbought according to Relative Strength Index (RSI) as the current 71 reading is above the sell signal of 70.
There are six index members trading with attractive, oversold RSIs below the buy signal of 30. In order, these are First Quantum Minerals Ltd. (FM-T ), Whitecap Resources Inc. (WCP-T ), Paramount Resources Ltd. (POU-T ), Franco-Nevada Corp. (FNV-T ), Peyto Exploration and Development Corp. (PEY-T ) and BRP Inc. (DOO-T )
There are 35 S&P/TSX Composite companies trading with RSIs above the 70 sell signal. The five most overbought stocks are Silvercrest Metals Inc. (SIL-T ), Eldorado Gold Corp. (ELD-T ), Stelco Holdings Inc. (STLC-T ), Element Fleet Management (EFN-T ) and Pembina Pipeline Corp. (PPL-T ).
There are 10 index members showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The biggest companies making new highs are Constellation Software Inc. (CSU-T ), Great-West Lifeco Inc. (GWO-T ), Stantec Inc. (STN-T ), Kinross Gold Corp. (K-T ) and Gildan Activewear Inc. (GIL-T ).
Stocks jumping to 52-week highs
Return 1W % Return YTD % Market Cap CSU-T CONSTELLATION SOFTWARE INC 1.37 56.01 68,363,875,780 GWO-T GREAT-WEST LIFECO INC 1.39 47.18 40,753,159,502 STN-T STANTEC INC 6.64 58.14 11,622,286,121 K-T KINROSS GOLD CORP 5.79 49.14 9,846,148,923 GIL-T GILDAN ACTIVEWEAR INC 1.83 38.47 8,630,653,926 EFN-T ELEMENT FLEET MANAGEMENT COR 4.73 22.03 8,621,676,544 ELD-T ELDORADO GOLD CORP 11.22 61.56 3,728,750,614 CWB-T CANADIAN WESTERN BANK 5.85 31.17 2,933,476,163 CSH-UN-T CHARTWELL RETIREMENT RESIDEN 4.88 40.38 2,594,142,132 GSY-T GOEASY LTD 6.64 33.52 2,290,009,783
Overbought and oversold stocks on the TSX
OVERSOLD STOCKS RSI 14D PX LAST MOV_AVG_200D LAST_CLOSE_TRR_1WK LAST_CLOSE_TRR_YTD PE_RATIO BEST_PE_RATIO FM-T FIRST QUANTUM MINERALS LTD 18.61944 11.19 29.9141 -15.92787 -60.20095 8.802191895 13.22304311 WCP-T WHITECAP RESOURCES INC 28.02289 9.37 10.3751 -1.76653 -7.954994 10.29732554 #N/A N/A POU-T PARAMOUNT RESOURCES LTD -A 28.66314 26.6 30.3901 -1.808786 0.2324883 7.310652825 8.248062016 FNV-T FRANCO-NEVADA CORP 28.83192 152.71 189.112 -4.400901 -16.65908 32.22956716 30.98471016 PEY-T PEYTO EXPLORATION & DEV CORP 29.3602 12.58 12.3232 -4.377946 0.1158234 6.922212557 7.610405324 DOO-T BRP INC/CA- SUB VOTING 29.58179 85.36 104.7172 -13.18145 -16.88512 7.256554797 8.603971374 OVERBOUGHT STOCKS RSI 14D PX LAST MOV_AVG_200D LAST_CLOSE_TRR_1WK LAST_CLOSE_TRR_YTD PE_RATIO BEST_PE_RATIO SIL-T SILVERCREST METALS INC 83.69193 9.06 7.70945 16.15385 11.85185 11.67822378 15.31186549 ELD-T ELDORADO GOLD CORP 83.55805 18.24 13.736 11.21951 61.5589 15.20630037 22.26644088 STLC-T STELCO HOLDINGS INC 82.78678 45.15 41.16921 7.602479 13.31089 10.65914637 9.082679541 EFN-T ELEMENT FLEET MANAGEMENT COR 78.85735 22.16 19.7 4.725898 22.02914 20.33027509 16.0929557 PPL-T PEMBINA PIPELINE CORP 78.69101 45.67 42.62765 1.466341 4.115317 18.84110032 13.67774783 FVI-T FORTUNA SILVER MINES INC 78.37152 5.45 4.4751 8.565737 7.072691 51.3741865 17.20132848 GSY-T GOEASY LTD 78.06063 138.21 113.7776 6.643518 33.52009 10.86103857 8.339971035 ASTL-T ALGOMA STEEL GROUP INC 77.57516 11.64 9.96 8.825841 39.8283 6.926889388 #N/A N/A JWEL-T JAMIESON WELLNESS INC 76.60593 30.15 29.02615 3.482094 -11.93905 23.24150788 16.72212978 GIL-T GILDAN ACTIVEWEAR INC 76.43319 50.12 41.6876 1.828525 38.47253 13.19529258 12.43825568 STN-T STANTEC INC 75.7812 101.89 85.0935 6.63527 58.13811 31.82942483 24.70659554 ONEX-T ONEX CORPORATION 74.28174 92.78 73.9216 2.496686 42.92773 7.919429825 #N/A N/A SII-T SPROTT INC 74.05522 44.96 44.86455 6.363852 2.87873 22.74932158 23.22050228 SHOP-T SHOPIFY INC - CLASS A 73.47349 99.72 76.22255 3.594432 112.1251 #N/A N/A 73.94422745 POW-T POWER CORP OF CANADA 73.43491 37.73 35.8772 0.990364 23.91399 9.360619687 8.488188976 AEM-T AGNICO EAGLE MINES LTD 73.29897 73.4 68.0145 9.308947 7.727486 28.16990799 25.97496406 CSU-T CONSTELLATION SOFTWARE INC 73.1676 3226 2703.787 1.370035 56.00676 84.79587359 33.12483784 EQX-T EQUINOX GOLD CORP 73.01881 7.54 6.39215 12.53731 70.20316 74.86427616 309.3714161 CJT-T CARGOJET INC 72.49933 101.73 99.69935 4.338461 -11.81724 20.15169002 33.97795591 IAG-T IA FINANCIAL CORP INC 72.31767 91.24 86.8901 1.456689 19.11758 10.14302825 8.932837282 CM-T CAN IMPERIAL BK OF COMMERCE 72.27954 56.55 55.59855 5.326877 8.223125 9.447582745 8.470641102 FR-T FIRST MAJESTIC SILVER CORP 72.17386 8.46 8.16355 10.87811 -24.73077 #N/A N/A 49.5885218 AGI-T ALAMOS GOLD INC-CLASS A 72.12058 20.05 16.51865 7.564378 47.40543 27.64452235 28.64212122 FIL-T FILO CORP 71.94418 21 21.6196 14.1925 -9.638555 #N/A N/A #N/A N/A MAG-T MAG SILVER CORP 71.88309 16.41 15.63415 9.181637 -22.41135 38.0898435 18.67433859 GWO-T GREAT-WEST LIFECO INC 71.87655 43.7 38.6231 1.393515 47.18472 #N/A N/A 10.77150604 T-T TELUS CORP 71.71228 24.98 25.15255 3.823774 -0.1952876 25.05260198 24.15860735 WDO-T WESDOME GOLD MINES LTD 71.71 8.75 7.52 18.72 16.98 #N/A N/A 26.92 WPM-T WHEATON PRECIOUS METALS CORP 71.70 66.84 60.39 4.80 28.01 47.90 39.75 RCI-B-T ROGERS COMMUNICATIONS INC-B 71.67 60.27 59.11 2.67 -2.39 19.01 12.87 NVEI-T NUVEI CORP-SUBORDINATE VTG 71.54488 28.56 37.3806 5.115937 -16.10611 84.72597924 10.48362726 OR-T OSISKO GOLD ROYALTIES LTD 71.51018 19.96 19.26065 4.175365 23.4528 68.52159867 35.96396396 OTEX-T OPEN TEXT CORP 71.34 54.94 51.74 3.72 40.45 20.43 8.44 ABX-T BARRICK GOLD CORP 70.83656 23.94 22.92395 9.195347 5.651132 21.48970915 17.23289055 DSG-T DESCARTES SYSTEMS GRP/THE 70.75598 111.14 103.3288 0.5700842 17.74552 60.10539466 55.57394689
