The S&P/TSX Composite Index dropped a marginal 0.2 per cent for the trading week ending with Thursday’s close and sits 17.0 per cent higher year to date. The benchmark’s Relative Strength Index (RSI) level of 53 puts it in the technical neutral range close to the midway point between the oversold buy signal of 30 and the overbought RSI sell signal of 70.
There are nine index member stocks trading with RSIs below 30, indicating a higher probability of bounce in price from oversold conditions. Turquoise Hill Resources Ltd. is the most oversold companies in the benchmark followed by NFI Group Inc., Stella-Jones Inc. and Canntrust Holdings Inc.
Most oversold stocks
| Ticker |
Company |
RSI |
Price |
200DMA |
Return 1W % |
Return YTD % |
PE Ratio TTM |
PE Ratio Fwd |
| TRQ-T |
TURQUOISE HILL RESOURCES LTD |
19.61 |
0.82 |
2.10 |
-39.01 |
-61.78 |
2.65 |
11.62 |
| NFI-T |
NFI GROUP INC |
21.43 |
31.47 |
35.85 |
-12.96 |
-6.17 |
10.14 |
9.72 |
| SJ-T |
STELLA-JONES INC |
23.98 |
42.66 |
42.95 |
-10.67 |
7.18 |
20.51 |
16.91 |
| TRST-T |
CANNTRUST HOLDINGS INC |
26.74 |
3.66 |
8.97 |
-4.95 |
-41.55 |
N/A |
N/A |
| CU-T |
CANADIAN UTILITIES LTD-A |
27.03 |
36.08 |
34.37 |
-2.02 |
17.37 |
14.34 |
N/A |
| HSE-T |
HUSKY ENERGY INC |
27.60 |
11.30 |
15.04 |
-10.49 |
-18.02 |
9.37 |
9.96 |
| BCB-T |
COTT CORPORATION |
28.69 |
16.39 |
19.24 |
-4.03 |
-12.88 |
74.34 |
28.70 |
| ECA-T |
ENCANA CORP |
29.04 |
5.76 |
9.32 |
-14.29 |
-27.20 |
5.61 |
5.59 |
| BB-T |
BLACKBERRY LTD |
29.47 |
9.25 |
11.33 |
-1.19 |
-5.66 |
N/A |
66.15 |
Source: Scott Barlow; Bloomberg
There are 33 S&P/TSX Composite stocks trading in technically vulnerable territory with RSI levels above the sell signal of 70. Eldorado Gold Corp. and Detour Gold Corp. are the two most extended index constituents followed by First Majestic Silver Corp. and Novagold Resources Inc.
Story continues below advertisement
Other prominent names on the overbought list include Westjet Airlines Ltd. and Home Capital Group Inc.
Most overbought stocks
| Ticker |
Company |
RSI |
Price |
200DMA |
Return 1W % |
Return YTD % |
PE Ratio TTM |
PE Ratio Fwd |
| ELD-T |
ELDORADO GOLD CORP |
89.63 |
10.15 |
5.38 |
15.29 |
154.50 |
N/A |
22.98 |
| DGC-T |
DETOUR GOLD CORP |
84.82 |
19.34 |
12.39 |
9.61 |
65.13 |
1426.76 |
37.94 |
| FR-T |
FIRST MAJESTIC SILVER CORP |
83.65 |
13.06 |
8.19 |
24.95 |
61.10 |
N/A |
N/A |
| NG-T |
NOVAGOLD RESOURCES INC |
81.08 |
8.49 |
5.54 |
10.97 |
56.83 |
N/A |
N/A |
| PVG-T |
PRETIUM RESOURCES INC |
80.57 |
14.96 |
10.94 |
8.73 |
29.21 |
31.66 |
15.90 |
| FVI-T |
FORTUNA SILVER MINES INC |
80.48 |
4.86 |
4.49 |
35.36 |
-2.00 |
26.67 |
15.96 |
| CG-T |
CENTERRA GOLD INC |
80.29 |
10.76 |
6.79 |
8.13 |
81.57 |
19.59 |
13.45 |
| SSRM-T |
SSR MINING INC |
80.07 |
20.76 |
16.01 |
15.45 |
24.06 |
126.85 |
29.53 |
| WJA-T |
WESTJET AIRLINES LTD |
79.51 |
30.71 |
21.88 |
-0.10 |
72.55 |
40.06 |
20.39 |
| PAAS-T |
PAN AMERICAN SILVER CORP |
78.22 |
20.28 |
17.82 |
19.63 |
1.51 |
256.38 |
43.22 |
| IMG-T |
IAMGOLD CORP |
77.94 |
5.06 |
4.39 |
9.80 |
0.60 |
N/A |
49.01 |
| AGI-T |
ALAMOS GOLD INC-CLASS A |
77.93 |
8.72 |
6.08 |
6.77 |
77.26 |
N/A |
38.35 |
| IPL-T |
INTER PIPELINE LTD |
77.36 |
22.35 |
21.35 |
1.17 |
20.93 |
16.02 |
18.13 |
| AEM-T |
AGNICO EAGLE MINES LTD |
77.15 |
70.34 |
55.33 |
3.88 |
28.60 |
266.71 |
68.74 |
| CJT-T |
CARGOJET INC |
77.05 |
93.09 |
79.93 |
1.86 |
31.48 |
91.73 |
145.91 |
| HCG-T |
HOME CAPITAL GROUP INC |
77.05 |
21.99 |
16.97 |
4.70 |
53.13 |
13.01 |
9.60 |
| NGD-T |
NEW GOLD INC |
77.05 |
1.90 |
1.16 |
28.67 |
75.24 |
8.72 |
N/A |
| KL-T |
KIRKLAND LAKE GOLD LTD |
76.21 |
60.89 |
40.00 |
9.47 |
70.72 |
30.12 |
20.35 |
| EDV-T |
ENDEAVOUR MINING CORP |
76.09 |
24.90 |
20.25 |
9.79 |
10.92 |
N/A |
15.60 |
| YRI-T |
YAMANA GOLD INC |
75.80 |
3.75 |
3.16 |
13.21 |
17.91 |
106.70 |
54.14 |
| CIGI-T |
COLLIERS INTERNATIONAL GROUP |
75.51 |
98.51 |
86.29 |
4.38 |
30.27 |
25.72 |
15.92 |
| SSL-T |
SANDSTORM GOLD LTD |
75.34 |
8.66 |
6.58 |
14.54 |
32.12 |
258.26 |
92.03 |
| WPM-T |
WHEATON PRECIOUS METALS CORP |
75.17 |
35.12 |
27.14 |
12.80 |
33.06 |
59.46 |
49.31 |
| AIF-T |
ALTUS GROUP LTD |
74.72 |
33.63 |
27.20 |
2.76 |
43.01 |
376.11 |
25.85 |
| K-T |
KINROSS GOLD CORP |
74.08 |
5.70 |
4.28 |
7.05 |
27.73 |
217.30 |
23.58 |
| CCA-T |
COGECO COMMUNICATIONS INC |
74.03 |
103.99 |
79.39 |
5.75 |
61.22 |
15.71 |
13.72 |
| BTO-T |
B2GOLD CORP |
73.78 |
4.41 |
3.71 |
7.69 |
8.77 |
165.33 |
18.75 |
| RCH-T |
RICHELIEU HARDWARE LTD |
72.99 |
25.26 |
23.48 |
2.97 |
12.42 |
21.79 |
N/A |
| ABX-T |
BARRICK GOLD CORP |
72.91 |
22.71 |
17.61 |
4.90 |
22.28 |
2066.72 |
35.76 |
| AC-T |
AIR CANADA |
72.28 |
44.43 |
31.79 |
5.83 |
70.72 |
20.13 |
11.22 |
| ERO-T |
ERO COPPER CORP |
72.09 |
25.04 |
14.60 |
2.82 |
148.73 |
87.23 |
22.76 |
| SMF-T |
SEMAFO INC |
71.55 |
5.51 |
3.52 |
6.65 |
84.75 |
105.58 |
12.40 |
| FNV-T |
FRANCO-NEVADA CORP |
71.36 |
117.37 |
97.09 |
4.76 |
22.74 |
73.03 |
62.98 |
Source: Scott Barlow; Bloomberg
There are 26 index stocks hitting new 52-week highs this week, indicating strong price momentum. They are ranked by market capitalization in the table below which is topped by Thomson Reuters Corp., Restaurant Brands International, Barrick Gold Corp. and CGI Inc.
Stocks hitting 52-week highs
| Ticker |
Company |
Return 1W % |
Return YTD % |
Market Cap |
| TRI-T |
THOMSON REUTERS CORP |
2.04 |
36.71 |
44,891,584,223 |
| QSR-T |
RESTAURANT BRANDS INTERN |
2.23 |
35.71 |
44,248,570,787 |
| ABX-T |
BARRICK GOLD CORP |
4.90 |
22.28 |
39,927,665,199 |
| GIB-A-T |
CGI INC |
0.65 |
24.08 |
28,598,116,314 |
| FNV-T |
FRANCO-NEVADA CORP |
4.76 |
22.74 |
22,043,503,717 |
| AEM-T |
AGNICO EAGLE MINES LTD |
3.88 |
28.60 |
16,611,055,330 |
| WPM-T |
WHEATON PRECIOUS METALS CORP |
12.80 |
33.06 |
15,703,069,032 |
| KL-T |
KIRKLAND LAKE GOLD LTD |
9.47 |
70.72 |
12,831,712,976 |
| AC-T |
AIR CANADA |
5.83 |
70.72 |
11,912,769,180 |
| K-T |
KINROSS GOLD CORP |
7.05 |
27.73 |
7,125,549,503 |
| EFN-T |
ELEMENT FLEET MANAGEMENT COR |
4.76 |
51.28 |
4,491,966,390 |
| AGI-T |
ALAMOS GOLD INC-CLASS A |
6.77 |
77.26 |
3,421,046,985 |
| DGC-T |
DETOUR GOLD CORP |
9.61 |
65.13 |
3,415,393,244 |
| CG-T |
CENTERRA GOLD INC |
8.13 |
81.57 |
3,165,174,319 |
| NG-T |
NOVAGOLD RESOURCES INC |
10.97 |
56.83 |
2,774,547,027 |
| PVG-T |
PRETIUM RESOURCES INC |
8.73 |
29.21 |
2,761,724,223 |
| EDV-T |
ENDEAVOUR MINING CORP |
9.79 |
10.92 |
2,746,852,469 |
| FR-T |
FIRST MAJESTIC SILVER CORP |
24.95 |
61.10 |
2,671,070,687 |
| SSRM-T |
SSR MINING INC |
15.45 |
24.06 |
2,545,030,405 |
| SMF-T |
SEMAFO INC |
6.65 |
84.75 |
1,846,909,361 |
| ELD-T |
ELDORADO GOLD CORP |
15.29 |
154.50 |
1,618,189,547 |
| SSL-T |
SANDSTORM GOLD LTD |
14.54 |
32.12 |
1,557,328,220 |
| ASR-T |
ALACER GOLD CORP |
16.02 |
101.19 |
1,482,423,244 |
| AIF-T |
ALTUS GROUP LTD |
2.76 |
43.01 |
1,336,324,679 |
| ECN-T |
ECN CAPITAL CORP |
3.16 |
33.71 |
1,105,369,513 |
| EXE-T |
EXTENDICARE INC |
2.61 |
40.33 |
766,457,122 |
Source: Scott Barlow; Bloomberg
Companies with the weakest price momentum, those hitting 52-week lows, include Husky Energy Inc., Encana Corp., Stars Group Inc. and Mullen Group Ltd.
Stocks hitting 52-week lows
| Ticker |
Company |
Return 1W % |
Return YTD % |
Market Cap |
| HSE-T |
HUSKY ENERGY INC |
-10.49 |
-18.02 |
11,377,978,074 |
| ECA-T |
ENCANA CORP |
-14.29 |
-27.20 |
8,296,949,182 |
| TSGI-T |
STARS GROUP INC/THE |
-0.43 |
-7.72 |
6,042,019,935 |
| VET-T |
VERMILION ENERGY INC |
-7.30 |
-4.56 |
4,024,201,068 |
| BCB-T |
COTT CORPORATION |
-4.03 |
-12.88 |
2,220,834,178 |
| ERF-T |
ENERPLUS CORP |
-13.41 |
-19.34 |
1,990,273,275 |
| BTE-T |
BAYTEX ENERGY CORP |
-5.82 |
-26.14 |
1,001,777,072 |
| MTL-T |
MULLEN GROUP LTD |
-1.49 |
-22.06 |
968,582,751 |
Source: Scott Barlow; Bloomberg
from Business - Latest - Google News https://ift.tt/2O8rXbg
via
IFTTT
July 19, 2019 at 10:26PM
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/ZM5G6ZRSAVF3DKRVZQYKKLE7SU.jpg)
Tidak ada komentar:
Posting Komentar