The S&P/TSX Composite was up 0.8 per cent for the trading week ending with Friday’s close and is now 30.7 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 62 leaves it in the upper reaches of technically neutral territory, much closer to the overbought sell signal of 70 than the attractive, oversold buy signal of 30.
There are three benchmark constituents with attractive RSIs below 30 indicating the potential for a bounceback. Telus Corp. is the most oversold company with Stantec Inc. and Empire Co. Ltd as the others.
The list of overbought, potentially vulnerable stocks is far longer at 21 members. The five most overbought companies are Laurentian Bank of Canada, Cronos Group Ltd., Mullen Group Ltd., Toronto-Dominion Bank and IGM Financial Inc.
There are 21 index stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. The biggest companies making new highs are Canadian Imperial Bank of Commerce, Wheaton Precious Metals Corp., Great-West Lifeco Inc., Power Corp. of Canada and Nutrien Ltd.
There are no stocks making new lows.
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