This screen lists stocks on the Toronto Stock Exchange whose 14-day Relative Strength Index (RSI) is below 30. RSI measures the speed of recent price moves on a 0-100 scale, and a reading under 30 suggests selling may be overdone. Oversold stocks can bounce sharply, but in a strong downtrend RSI can stay low for weeks, so many traders wait for RSI to turn back up or for a reversal candle. Prices are in Canadian dollars, and the list covers TSX-listed stocks with at least C$1 million in average daily trading value.
