4 Canadian Stocks Considered Most Oversold

The small-cap Canadian stocks we’ve identified are oversold with an average daily RSI of 30

SmallCapPower | January 17, 2022: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. A stock is usually considered overbought when the RSI is above 70 and oversold when it is below 30. The small cap Canadian stocks we have found are oversold, as indicated by a 14-day relative strength index (RSI) below 30.

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Canada Goose Holdings Inc. (TSX:GOOS) – $40.61
Apparel

Canada Goose Holdings is a Canadian holding company of winter clothing manufacturers. The Company was founded in 1957 by Sam Tick, under the name Metro Sportswear Ltd. Canada Goose markets a wide range of jackets, parkas, vests, hats, gloves, shells and other apparel through various avenues, both wholesale and direct to customer with their own retail stores.

  • Market Cap: $4,339.8M
  • 7-Day Return:  -6.6%
  • 30-Day Return: -15.5%
  • 30-Day Average Trading Volume: 295,860
  • 14-Day RSI: 27.8

Kinaxis Inc. (TSX:KXS) – $157.05
Cloud Solutions

Kinaxis provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The Company offers RapidResponse, a cloud-based SaaS platform that empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste, as well as provides demand planning, supply planning, inventory management, sales and operations planning, and command and control center services. It also provides professional services, such as implementation, configuration, technical, and training services, as well as maintenance and support services to its software products. Kinaxis serves technology and electronics, aerospace and defense, life sciences and pharmaceuticals, industrial, automotive, consumer products, and retail markets.

  • Market Cap: $4,314.6M
  • 7-Day Return:  -1.0%
  • 30-Day Return: -11.1%
  • 30-Day Average Trading Volume: 62,720
  • 14-Day RSI: 29.3

Ero Copper Corp. (TSX:ERO) – $16.30
Copper Mining

Ero Copper, a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The Company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil. Ero also holds interests in the Boa Esperança project covering an area of approximately 4,034 hectares located in Pará, Brazil; and NX gold mine covering an area of approximately 31,096 located in Mato Grosso, Brazil.

  • Market Cap: $1,462.1M
  • 7-Day Return:  -10.3%
  • 30-Day Return: -11.3%
  • 30-Day Average Trading Volume: 375,810
  • 14-Day RSI: 22.9

WELL Health Technologies Corp.(TSX:WELL) – $4.20
Healthcare

WELL Health is a technology-enabled healthcare company whose overarching objective is to positively impact health outcomes to empower and support healthcare practitioners and their patients. WELL has built an innovative practitioner enablement platform that includes comprehensive end to end practice management tools inclusive of virtual care and digital patient engagement capabilities as well as Electronic Medical Records (EMR), Revenue Cycle Management (RCM) and data protection services. WELL uses this platform to power healthcare practitioners both inside and outside of WELL’s own omni-channel patient services offerings. As such, WELL owns and operates Canada’s largest network of outpatient medical clinics serving primary and specialized healthcare services and is the provider of a leading multi-national, multi-disciplinary telehealth offering.

  • Market Cap: $874.0M
  • 7-Day Return:  -8.7%
  • 30-Day Return: -15.8%
  • 30-Day Average Trading Volume: 1,037,750
  • 14-Day RSI: 27.9

 

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