The S&P/TSX Composite took a bit of a beating for the shortened trading week ending with Thursday’s close, falling 1.7 per cent. The benchmark stands 14.1 per cent higher for 2019.
The index’s Relative Strength Index (RSI) is 39, leaving it in the neutral range between the oversold sell signal of 30 and the overbought RSI sell signal of 70.
There are 36 benchmark members trading at technically attractive levels below the RSI buy signal this week. Topping the list are Canfor Corp., Magna International Inc., Peyto Exploration and Development Corp., Hudbay Minerals Inc., Norbord Inc. and SNC Lavalin Group Inc.
There are a surprisingly large number (18) of overbought, technically vulnerable stocks this week given the falling index. Westjet Airlines Ltd., Hydro One Ltd., Alimentation Couche-Tard Inc. and Morneau Shepell Inc. are the most overbought stocks in the index.
There are 15 S&P/TSX Composite companies hitting 52-week highs. This week, I’ve sorted the list by market cap, which puts Alimentation Couche-Tard at the top of the list, followed by Thomson Reuters Corp., Restaurant Brands International Inc., Telus Corp. CGI Inc., and Constellation Software Inc.
Of the 23 stocks with the weakest price momentum, those making new 52-week lows, the largest market caps are Magna International Inc., Husky Energy Inc., Methanex Corp., SNC Lavalin Group Inc., and West Fraser Timber Co. Ltd.
RSI Price 200DMA Return 1W % Retrun YTD % PE Ratio TTM PE Ratio Fwd
CFP-T CANFOR CORP 16.03 9.27 18.71 -12.13 -43.92 4.51 7.69
MG-T MAGNA INTERNATIONAL INC 18.14 58.70 67.12 -1.41 -3.79 6.37 6.73
PEY-T PEYTO EXPLORATION & DEV CORP 18.91 4.98 8.70 -12.94 -28.85 7.64 8.59
HBM-T HUDBAY MINERALS INC 19.83 6.15 7.30 -11.76 -4.69 194.11 16.11
OSB-T NORBORD INC 20.84 28.17 38.39 -7.82 -21.48 5.79 9.96
SNC-T SNC-LAVALIN GROUP INC 20.88 25.55 42.93 -4.52 -43.99 #N/A N/A 10.69
WFT-T WEST FRASER TIMBER CO LTD 21.62 52.93 70.99 -8.28 -21.28 6.85 10.94
FM-T FIRST QUANTUM MINERALS LTD 22.29 9.85 13.91 -17.99 -10.75 10.76 10.50
CLS-T CELESTICA INC 22.38 8.81 12.75 -6.87 -26.34 10.71 8.72
NVA-T NUVISTA ENERGY LTD 23.19 3.11 5.17 -13.85 -23.77 8.93 7.15
MEG-T MEG ENERGY CORP 23.27 4.44 7.26 -17.32 -42.41 13.16 9.76
TRQ-T TURQUOISE HILL RESOURCES LTD 23.59 1.59 2.39 -9.14 -29.33 5.00 18.48
IFP-T INTERFOR CORP 23.63 12.00 16.73 -10.04 -16.78 11.23 16.93
PAAS-T PAN AMERICAN SILVER CORP 24.22 13.89 18.56 -4.62 -29.89 170.68 27.26
FVI-T FORTUNA SILVER MINES INC 24.46 3.35 4.92 -4.29 -33.00 17.87 12.58
VII-T SEVEN GENERATIONS ENERGY - A 24.48 7.77 11.79 -13.86 -30.25 6.17 5.25
MX-T METHANEX CORP 25.14 60.08 80.86 -7.41 -7.96 8.68 9.08
VET-T VERMILION ENERGY INC 25.18 28.88 34.91 -8.52 3.21 30.66 12.59
CM-T CAN IMPERIAL BK OF COMMERCE 26.12 103.87 113.19 -6.07 3.49 8.66 8.37
YRI-T YAMANA GOLD INC 26.23 2.50 3.25 -8.09 -21.97 69.14 97.86
TOU-T TOURMALINE OIL CORP 26.23 17.73 19.96 -9.95 4.92 13.18 16.05
PD-T PRECISION DRILLING CORP 26.46 2.55 3.49 -13.56 7.59 #N/A N/A #N/A N/A
IPL-T INTER PIPELINE LTD 26.50 20.44 21.91 -1.67 9.24 14.65 15.50
TECK/B-T TECK RESOURCES LTD-CLS B 27.10 26.38 29.76 -7.15 -10.09 6.95 7.10
SCL-T SHAWCOR LTD 27.15 17.76 21.66 -4.94 8.77 66.51 31.16
LNR-T LINAMAR CORP 27.23 44.20 51.09 -2.47 -2.19 5.11 4.88
MRE-T MARTINREA INTERNATIONAL INC 27.39 10.19 12.22 -3.41 -5.81 4.54 4.13
UNS-T UNI-SELECT INC 28.15 12.98 18.57 -1.14 -32.68 10.08 11.52
HSE-T HUSKY ENERGY INC 28.56 12.54 16.84 -7.93 -10.32 10.39 10.28
CNQ-T CANADIAN NATURAL RESOURCES 28.62 34.82 38.08 -7.05 6.75 14.67 10.24
TA-T TRANSALTA CORP 28.81 8.65 7.67 -1.93 55.51 #N/A N/A #N/A N/A
AFN-T AG GROWTH INTERNATIONAL INC 28.95 53.04 56.64 0.00 14.92 18.63 15.18
BCB-T COTT CORPORATION 29.00 17.89 19.74 -4.13 -5.52 78.86 30.24
NTR-T NUTRIEN LTD 29.09 63.80 70.11 -5.31 0.32 20.81 15.22
GTE-T GRAN TIERRA ENERGY INC 29.26 2.66 3.57 -9.52 -10.74 8.30 #N/A N/A
KEL-T KELT EXPLORATION LTD 29.95 4.66 5.96 -15.58 0.43 72.40 18.49
RSI Price 200DMA Return 1W % Retrun YTD % PE Ratio TTM PE Ratio Fwd
WJA-T WESTJET AIRLINES LTD 86.52 30.14 19.67 0.47 68.62 39.32 21.44
H-T HYDRO ONE LTD 83.04 22.75 20.28 1.34 13.61 #N/A N/A #N/A N/A
ATD-B-T ALIMENTATION COUCHE-TARD -B 80.06 85.77 70.04 2.50 26.50 18.88 20.00
MSI-T MORNEAU SHEPELL INC 78.54 29.57 27.11 3.83 19.23 66.13 37.43
IFC-T INTACT FINANCIAL CORP 78.26 118.47 106.02 1.87 20.27 26.33 15.71
EMA-T EMERA INC 77.27 51.78 44.85 0.96 21.38 17.85 17.90
BYD-UN-T BOYD GROUP INCOME FUND 75.35 166.91 126.83 -0.29 47.98 43.07 30.49
BEP-UN-T BROOKFIELD RENEWABLE PARTNER 74.88 43.81 39.37 2.26 26.07 243.88 72.24
SMU-UN-T SUMMIT INDUSTRIAL INCOME REI 74.52 12.64 10.14 1.53 34.26 6.09 #N/A N/A
TRI-T THOMSON REUTERS CORP 74.40 87.03 67.96 -0.32 33.61 211.58 50.10
BEI-UN-T BOARDWALK REAL ESTATE INVEST 74.28 42.73 43.51 0.21 13.96 201.29 #N/A N/A
CRR-UN-T CROMBIE REAL ESTATE INVESTME 73.40 15.30 13.54 0.99 24.80 29.28 #N/A N/A
WCN-T WASTE CONNECTIONS INC 71.86 127.76 107.82 -0.05 26.55 42.65 33.13
GIB-A-T CGI INC 71.67 98.62 86.68 1.25 18.11 22.80 19.94
AQN-T ALGONQUIN POWER & UTILITIES 71.47 15.77 14.18 0.96 16.18 16.03 #N/A N/A
DOL-T DOLLARAMA INC 71.43 43.21 38.56 4.83 33.38 25.60 23.43
AC-T AIR CANADA 71.37 39.49 29.00 -2.25 52.12 17.89 10.30
EFN-T ELEMENT FLEET MANAGEMENT COR 70.89 9.91 7.58 1.75 44.17 #N/A N/A 11.00
Source: Scott Barlow/Bloomberg
Stocks hitting 52-week highs
Return 1W % Return YTD % Market Cap
ATD-B-T ALIMENTATION COUCHE-TARD -B 2.50 26.50 48,375,011,757
TRI-T THOMSON REUTERS CORP -0.32 33.61 43,543,997,969
QSR-T RESTAURANT BRANDS INTERN 1.28 30.67 42,559,452,465
T-T TELUS CORP 1.98 12.84 30,329,876,441
GIB-A-T CGI INC 1.25 18.11 27,035,197,448
CSU-T CONSTELLATION SOFTWARE INC 1.47 42.00 25,641,751,300
FTS-T FORTIS INC 1.20 13.41 21,834,502,167
IFC-T INTACT FINANCIAL CORP 1.87 20.27 16,489,677,470
OTEX-T OPEN TEXT CORP 0.20 22.71 14,685,552,366
H-T HYDRO ONE LTD 1.34 13.61 13,557,655,020
BEP-UN-T BROOKFIELD RENEWABLE PARTNER 2.26 26.07 13,515,837,705
EMA-T EMERA INC 0.96 21.38 12,282,216,000
CAE-T CAE INC 5.75 35.34 8,938,170,917
EMP-A-T EMPIRE CO LTD 'A' 0.73 10.44 8,591,358,997
REI-UN-T RIOCAN REAL ESTATE INVST TR 0.79 14.34 8,195,487,982
Stocks dropping to 52-week lows
Return 1W % Return YTD % Market Cap
WFT-T MAGNA INTERNATIONAL INC -1.41 -3.79 19,200,097,564
VII-T HUSKY ENERGY INC -7.93 -10.32 12,825,353,377
HSE-T METHANEX CORP -7.41 -7.96 4,658,097,840
MEG-T SNC-LAVALIN GROUP INC -4.52 -43.99 4,531,055,244
TRQ-T WEST FRASER TIMBER CO LTD -8.28 -21.28 3,715,428,326
CFP-T FINNING INTERNATIONAL INC -4.10 -4.64 3,646,827,069
IFP-T TURQUOISE HILL RESOURCES LTD -9.14 -29.33 3,219,703,150
BCB-T SEVEN GENERATIONS ENERGY - A -13.86 -30.25 2,750,101,971
NXE-T COTT CORPORATION -4.13 -5.52 2,438,429,688
MX-T YAMANA GOLD INC -8.09 -21.97 2,385,165,943
GTE-T NORBORD INC -7.82 -21.48 2,310,060,433
FVI-T MEG ENERGY CORP -17.32 -42.41 1,356,563,694
HBC-T HUDSON'S BAY CO -4.90 -6.57 1,256,413,675
CLS-T CANFOR CORP -12.13 -43.92 1,189,584,300
PEY-T CELESTICA INC -6.87 -26.34 1,164,771,563
NVA-T GRAN TIERRA ENERGY INC -9.52 -10.74 1,042,548,491
CEU-T PEYTO EXPLORATION & DEV CORP -12.94 -28.85 830,965,842
WEF-T INTERFOR CORP -10.04 -16.78 813,240,277
FTT-T NUVISTA ENERGY LTD -13.85 -23.77 709,782,869
MG-T NEXGEN ENERGY LTD -5.67 -24.07 655,492,731
SNC-T WESTERN FOREST PRODUCTS INC -4.19 -14.30 612,095,156
OSB-T CES ENERGY SOLUTIONS CORP -8.98 -28.73 598,009,610
YRI-T FORTUNA SILVER MINES INC -4.29 -33.00 536,580,716