The Canadian TSX stocks we’ve identified are oversold with a RSI of less than 30
SmallCapPower | September 14, 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 Canadian TSX stocks we’ve found are considered oversold, as indicated by a relative strength index (RSI) below 30.
*Share price data and other metrics as of September 13, 2022
Corus Entertainment Inc. (TSX:CJR.B) – $2.86
Corus is a leading media and content company that develops and delivers high-quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, a suite of digital and streaming assets, animation software, technology and media services. Its stock is currently yielding 8.4%.
- Market Cap: $580.6M
- Year-to-Date Return: – 35%
- RSI: 25.2
Laurentian Bank of Canada (TSX:LB) – $34.00
Founded in Montréal in 1846, Laurentian Bank has more than 3,000 employees to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. The Company has $49.8 billion in balance sheet assets and $27.8 billion in assets under administration. Its stock is currently yielding 5.3%.
- Market Cap: $1.5B
- Year-to-Date Return: – 12%
- RSI: 25.3
Rogers Communications Inc. (TSX:RCI.B) – $54.34
Rogers is a leading Canadian technology and media company that provides world-class communications services and entertainment to consumers and businesses on its award-winning networks. The Company is dedicated to providing industry-leading wireless, cable, sports, and media to millions of customers across Canada. Its stock is currently yielding 3.7%.
- Market Cap: $27.4B
- Year-to-Date Return: – 7%
- RSI: 27.4
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