The week's most oversold and overbought stocks on the TSX - The Globe and Mail

The S&P/TSX Composite fell 2.6 per cent for the trading week ending with Thursday’s close and sits 28.2 per cent lower for the year.

The benchmark has almost escaped technically oversold conditions according to Relative Strength Index (RSI). The current reading of 29 is just below the buy signal of 30.

There are 123 index constituents trading at oversold RSI levels – the 25 most oversold stocks are ranked in the table below. Shawcor Ltd. is the most oversold company in the index, followed by Air Canada, Sleep Country Canada Holdings Inc., Seven Generations Energy Ltd., Exchange Income Corp., RIOCAN REIT and Alaris Royalty Corp.

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There are no index members trading with overbought, frothy technicals above the RSI sell signal of 70, but a couple of companies are climbing closer. Paper provider Cascades Inc. has an RSI of 59, Metro Inc. at 55 and Cronos Group Inc. has an RSI of 53.

There are no S&P/TSX stocks making new 52-week highs this week – few stocks anywhere have price momentum.

There are 23 companies making new 52-week lows and they are ranked by market capitalization below. The largest companies making new lows are, in order, Sun Life Financial Inc., Fairfax Financial Holdings Ltd., Canadian Apartment REIT, IGM Financial Inc., CCL Industries Inc. and Riocan REIT.

Stocks hitting 52-week lows

		Return 1W %	Return YTD %	Market Cap
SLF-T	SUN LIFE FINANCIAL INC	-10.01619	-33.67853	$22,867,119,463
FFH-T	FAIRFAX FINANCIAL HLDGS LTD	-7.699359	-29.16948	$11,663,082,947
CAR-UN-T	CAN APARTMENT PROP REAL ESTA	-17.79353	-18.70805	$7,274,576,210
IGM-T	IGM FINANCIAL INC	-2.100686	-27.49463	$6,441,089,253
CCL-B-T	CCL INDUSTRIES INC – CL B	-5.306629	-35.51881	$6,344,081,024
REI-UN-T	RIOCAN REAL ESTATE INVST TR	-29.72723	-42.68568	$4,770,299,600
BBU-UN-T	BROOKFIELD BUSINESS PT-UNIT	-15.69832	-43.74493	$4,345,502,067
IAG-T	IA FINANCIAL CORP INC	-16.38418	-47.74363	$3,957,749,363
AC-T	AIR CANADA	-51.20482	-74.95362	$3,191,853,977
CIX-T	CI FINANCIAL CORP	-17.5974	-41.54768	$2,820,205,766
HR-UN-T	H&R REAL ESTATE INV-REIT UTS	-33.66123	-53.85828	$2,728,223,095
MIC-T	GENWORTH MI CANADA INC	-27.98989	-44.96554	$2,455,798,474
TA-T	TRANSALTA CORP	-4.32	-35.28784	$1,658,048,533
CUF-UN-T	COMINAR REAL ESTATE INV-TR U	-26.51888	-36.27141	$1,631,289,176
IIP-UN-T	INTERRENT REAL ESTATE INVEST	-19.61634	-16.69312	$1,615,451,988
KMP-UN-T	KILLAM APARTMENT REAL ESTATE	-18.70248	-14.87144	$1,566,189,261
TCN-T	TRICON CAPITAL GROUP INC	-25.90909	-38.66416	$1,267,023,411
TCL-A-T	TRANSCONTINENTAL INC-CL A	-6.074412	-20.96542	$1,079,349,694
SMU-UN-T	SUMMIT INDUSTRIAL INCOME REI	-29.65174	-40.9703	$964,845,876
EQB-T	EQUITABLE GROUP INC	-19.78422	-49.41308	$924,203,567
AX-UN-T	ARTIS REAL ESTATE INVESTMENT	-38.30207	-47.0783	$883,018,906
EIF-T	EXCHANGE INCOME CORP	-46.90898	-61.41558	$587,792,264
AD-T	ALARIS ROYALTY CORP	-30.11364	-65.91467	$269,342,303

This week’s oversold stocks

	Oversold	RSI	Price	200DMA	Return 1W %	Return YTD %	PE Ratio TTM	PE Ratio Fwd
SCL -T	SHAWCOR LTD	3.804115	0.82	13.67205	-59.821	-92.91336	8.889852481	#N/A N/A
AC -T	AIR CANADA	10.83302	12.15	43.75525	-51.20482	-74.95362	2.495810965	#N/A N/A
ZZZ -T	SLEEP COUNTRY CANADA HOLDING	11.62207	9.71	19.7453	-32.94199	-51.50405	6.433458781	5.535917902
VII -T	SEVEN GENERATIONS ENERGY – A	11.92662	1.59	7.0785	-15.87301	-81.22786	0.68931733	1.682539683
EIF -T	EXCHANGE INCOME CORP	11.97406	17.09	40.21265	-46.90898	-61.41558	7.194768638	5.992286115
REI-UN -T	RIOCAN REAL ESTATE INVST TR	12.08434	15.2	26.389	-29.72723	-42.68568	5.718525091	#N/A N/A
AD -T	ALARIS ROYALTY CORP	12.1538	7.38	20.16035	-30.11364	-65.91467	3.815148369	4.290697674
MIC -T	GENWORTH MI CANADA INC	12.55146	28.48	46.11906	-27.98989	-44.96554	5.549649005	5.589793916
CSH-UN -T	CHARTWELL RETIREMENT RESIDEN	12.65841	7.1	14.4591	-30.11811	-48.54623	15.9214599	#N/A N/A
HR-UN -T	H&R REAL ESTATE INV-REIT UTS	12.72392	9.55	21.8172	-33.66123	-53.85828	12.95155872	#N/A N/A
GIL -T	GILDAN ACTIVEWEAR INC	12.8606	15.63	42.0602	-30.25435	-58.96124	7.469604216	5.861352578
WCP -T	WHITECAP RESOURCES INC	13.0074	0.88	4.23045	-31.25	-83.93829	2.825756758	#N/A N/A
VET -T	VERMILION ENERGY INC	13.25854	2.87	20.6696	-34.77273	-86.10094	6.025031984	#N/A N/A
MTY -T	MTY FOOD GROUP INC	13.28103	18	58.30275	-52.92887	-67.45788	5.867611048	6.428571429
CNQ -T	CANADIAN NATURAL RESOURCES	13.77538	11.2	35.14175	-33.41925	-72.32143	3.231691762	933.3333333
SU -T	SUNCOR ENERGY INC	13.83267	15.63	39.74435	-23.9416	-62.79051	4.819507477	20.92369478
KEY -T	KEYERA CORP	13.8929	12.14	32.5149	-29.82659	-63.99046	4.852149472	6.478121665
TCN -T	TRICON CAPITAL GROUP INC	14.37929	6.52	10.52285	-25.90909	-38.66416	6.715274879	5.953424501
IPL -T	INTER PIPELINE LTD	14.38109	6.41	21.7541	-32.52632	-71.1926	4.981163158	6.92972973
CVE -T	CENOVUS ENERGY INC	14.44202	2.36	11.46685	-34.62604	-81.81168	1.168695738	#N/A N/A
BTE -T	BAYTEX ENERGY CORP	14.45306	0.32	1.6756	-32.63158	-82.8877	1.41483987	1.828571429
ERF -T	ENERPLUS CORP	14.68902	2.12	8.26185	-8.225113	-77.00733	1.978204188	7.464788732
SES -T	SECURE ENERGY SERVICES INC	14.69195	0.86	5.22555	-27.11864	-82.82093	37.37180664	26.06060606
CGX -T	CINEPLEX INC	14.96523	10.11	26.58185	-59.59233	-70.00055	15.83247279	10.00990099
CHE-UN -T	CHEMTRADE LOGISTICS INCOM FD	15.13998	3.71	10.0164	-16.62921	-65.61378	#N/A N/A	43.64705882