The S&P/TSX Composite fell 1.0 per cent for the trading week ending with Friday’s close and is now 9.6 per cent higher (including dividends) for 2026.
The benchmark’s Relative Strength Index (RSI) is 51, almost exactly at the midpoint between the oversold, technically attractive buy signal of 30 and the overbought, RSI sell signal of 70.
There are two index constituents with oversold RSIs this week, indicating a higher than average chance of a bounceback – Dye and Durham Ltd and InterRent REIT.
There are eight stocks with RSIs above 70, implying higher risks of a temporary pullback. TFI International is the most overbought company in the index, followed by Mullen Group Ltd., Great-West Lifeco, Royal Bank of Canada and AltaGas Ltd.
There are 11 stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. Canadian National Railway Co., Great-West Lifeco, Sun Life Financia Corp., Power Corp of Canada and George Weston Ltd. are the largest companies making new highs this week. Atkinsrealis Group Inc. and Terravest Industries Inc. are the stocks making new lows.