The S&P/TSX Composite climbed 0.85 per cent for the trading week ending with Thursday’s close.
The benchmark remains in technical neutral territory with a Relative Strength Index (RSI) reading of 54 that is close to the middle point between the RSI oversold buy signal of 30 and the overbought sell signal of 70.
There are 14 oversold, technically attractive benchmark members by RSI this week, led by Magna International Inc.. Canfor Corp. is the second most oversold stock, followed by SNC-Lavalin Inc., Toromont Industries Ltd., AG Growth international Inc. and Fortuna Silver Mines Inc.
There are 23 technically extended, overbought index stocks this week.
WestJet Airlines Ltd is well above the RSI sell signal of 70 with a level of 87. Air Canada, Thomson Reuters Corp., Boyd Group Income Fund, Element Fleet Management Corp and Hydro One follow.
We are now listing S&P/TSX Composite stocks hitting new 52 week highs – those showing the highest price momentum – and those hitting 52 week lows.
The stocks hitting new highs include BCE Inc., Canadian National Railway Co., Hydro One Ltd., Loblaw Companies Ltd., and Shopify Inc.. There are five companies hitting new lows - West Fraser Timber Co. Ltd., Canfor Corp., Celestica Inc., Pan American Silver Corp. and Norbord Inc.
Oversold RSI Price 200DMA Return 1W % Return YTD % PE Ratio TTM PE Ratio Fwd MG-T MAGNA INTERNATIONAL INC 20.16798 60.04 67.47775 -7.015642 -2.409035 6.495746696 6.817430893 CFP-T CANFOR CORP 22.33453 10.55 19.07635 -10.05968 -36.17665 5.132686108 7.861400894 SNC-T SNC-LAVALIN GROUP INC 22.98843 26.76 43.53305 -2.246841 -41.33664 #N/A N/A 11.04872007 TIH-T TOROMONT INDUSTRIES LTD 24.49937 60.68 62.82955 -0.9306123 12.27479 24.42421181 17.0305922 AFN-T AG GROWTH INTERNATIONAL INC 24.64684 53.04 56.70205 -2.535832 14.91854 18.63474527 15.18465502 FVI-T FORTUNA SILVER MINES INC 25.51071 3.5 4.9898 -9.090909 -30 18.60233578 13.03293106 HBM-T HUDBAY MINERALS INC 26.33046 6.97 7.29995 -5.040872 8.015831 219.2024403 18.64576212 TCL-A-T TRANSCONTINENTAL INC-CL A 26.69945 14.89 21.26045 -0.8655127 -20.97677 6.790432989 4.226511496 POW-T POWER CORP OF CANADA 27.34561 28.1 27.9963 -6.582447 16.08312 10.84923669 8.47917924 PAAS-T PAN AMERICAN SILVER CORP 27.9133 14.61 18.70495 -8.343789 -26.49091 178.878692 29.2600876 WFT-T WEST FRASER TIMBER CO LTD 28.17464 57.71 71.50545 -5.871799 -14.16798 7.465717863 11.92355372 CLS-T CELESTICA INC 28.22227 9.46 12.87185 -4.733132 -20.90301 11.4593038 9.334226381 MRE-T MARTINREA INTERNATIONAL INC 28.55373 10.55 12.29195 -2.854512 -2.483413 4.70529267 4.257465698 UNS-T UNI-SELECT INC 29.40255 13.13 18.75445 -3.028065 -31.90202 10.16321923 11.61041752 Overbought RSI Price 200DMA Return 1W % Return YTD % PE Ratio TTM PE Ratio Fwd WJA-T WESTJET AIRLINES LTD 86.67924 30 19.4259 60.59957 67.83802 39.13598188 20.90592334 AC-T AIR CANADA 83.78684 40.4 28.662 12.62894 55.62404 18.3021999 10.53729786 TRI-T THOMSON REUTERS CORP 83.13245 87.79 67.29429 3.0762 34.03664 212.6729864 50.58610144 BYD-UN-T BOYD GROUP INCOME FUND 80.65982 167.39 125.8651 9.212501 48.40084 43.19669461 30.57351598 EFN-T ELEMENT FLEET MANAGEMENT COR 79.12192 9.74 7.50385 2.310924 41.70049 #N/A N/A 10.89485459 H-T HYDRO ONE LTD 78.76707 22.45 20.21015 3.360958 12.11414 #N/A N/A #N/A N/A BAD-T BADGER DAYLIGHTING LTD 78.65843 48.38 34.1285 11.01423 50.72517 27.40107807 21.00738168 ATD-B-T ALIMENTATION COUCHE-TARD -B 78.37578 83.68 69.53865 3.257651 23.42099 18.35588823 19.40180034 SHOP-T SHOPIFY INC - CLASS A 77.03601 374.49 222.5916 6.936037 98.36326 #N/A N/A 437.0122692 AX-UN-T ARTIS REAL ESTATE INVESTMENT 76.55531 11.74 10.91815 10.96408 29.23503 11.21091199 8.696296296 BEI-UN-T BOARDWALK REAL ESTATE INVEST 76.42796 42.64 43.57255 9.670782 13.71761 200.8686693 #N/A N/A WCN-T WASTE CONNECTIONS INC 75.85864 127.83 107.302 3.741276 26.61616 42.51924731 33.09712648 X-T TMX GROUP LTD 75.63778 93 82.35385 9.747463 32.47263 20.16305188 16.5568809 IFC-T INTACT FINANCIAL CORP 73.0735 116.29 105.7387 3.396461 18.05709 25.85018428 15.42103169 ALA-T ALTAGAS LTD 73.06982 19.18 18.18255 2.78671 40.76045 #N/A N/A #N/A N/A L-T LOBLAW COMPANIES LTD 72.9933 70.21 60.44029 2.691239 15.41253 21.3342649 16.25231481 CRR-UN-T CROMBIE REAL ESTATE INVESTME 72.19363 15.15 13.50015 3.55434 23.58003 28.99710147 #N/A N/A CAS-T CASCADES INC 71.59534 9.73 10.63935 8.958567 -4.441572 12.4146091 9.231499051 EMA-T EMERA INC 71.4962 51.29 44.6602 1.685171 20.22799 17.68207936 17.7351314 TRP-T TC ENERGY CORP 71.32555 64.88 56.30575 2.951444 34.74524 16.42333664 15.92929045 NPI-T NORTHLAND POWER INC 70.4935 25.06 22.887 2.327481 17.41788 20.7407403 #N/A N/A CP-T CANADIAN PACIFIC RAILWAY LTD 70.40132 307.88 270.0623 4.164834 27.3973 21.05450639 17.8719452 KEY-T KEYERA CORP 70.40015 33.46 31.6992 8.074935 32.17852 25.43260442 17.24742268
Source: Bloomberg/Scott Barlow
Stocks reaching 52-week highs
Return 1W % Return YTD % DSG-T DESCARTES SYSTEMS GRP/THE 0.47 52.71 EFN-T ELEMENT FLEET MANAGEMENT COR 2.31 41.70 FSV-T FIRSTSERVICE CORP 4.04 28.30 CP-T CANADIAN PACIFIC RAILWAY LTD 4.16 27.40 IFC-T INTACT FINANCIAL CORP 3.40 18.06 H-T HYDRO ONE LTD 3.36 12.11 L-T LOBLAW COMPANIES LTD 2.69 15.41 QSR-T RESTAURANT BRANDS INTERN 1.23 29.02 BYD-UN-T BOYD GROUP INCOME FUND 9.21 48.40 CRR-UN-T CROMBIE REAL ESTATE INVESTME 3.55 23.58 SHOP-T SHOPIFY INC - CLASS A 6.94 98.36 AQN-T ALGONQUIN POWER & UTILITIES 2.43 15.07 EMA-T EMERA INC 1.69 20.23 WCN-T WASTE CONNECTIONS INC 3.74 26.62 BCE-T BCE INC 1.62 14.36 TRP-T TC ENERGY CORP 2.95 34.75 AC-T AIR CANADA 12.63 55.62 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 2.96 23.28 ATD-B-T ALIMENTATION COUCHE-TARD -B 3.26 23.42 CAE-T CAE INC 2.56 27.98 GIB-A-T CGI INC 1.72 16.65 BAD-T BADGER DAYLIGHTING LTD 11.01 50.73 TRI-T THOMSON REUTERS CORP 3.08 34.04 OTEX-T OPEN TEXT CORP 0.18 22.47 CNR-T CANADIAN NATL RAILWAY CO 1.92 26.56
Stocks hitting 52-week lows
Return 1W % Return YTD % WFT-T WEST FRASER TIMBER CO LTD -5.87 -14.17 CFP-T CANFOR CORP -10.06 -36.18 CLS-T CELESTICA INC -4.73 -20.90 PAAS-T PAN AMERICAN SILVER CORP -8.34 -26.49 OSB-T NORBORD INC -6.49 -14.82
Scott Barlow