The S&P/TSX Composite rose 1.6 per cent for the trading week ending with Friday’s close and is now 3.1 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 63 leaves it far closer to the overbought sell signal of 70 than the oversold buy signal of 30.
There are four stocks trading with technically attractive, oversold RSIs below 30. In order these are Air Canada, Canopy Growth Corp., Canadian Apartment Properties REIT and Interrent REIT.
There are ten overbought, technically vulnerable stocks according to RSI this week, led by Goeasy Ltd., Aritzia Inc., Celestica Inc., Toromont Industries Ltd. and Gildan Activewear Inc.
There are 11 index constituents 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 Brookfield Corp., Agnico Eagle Mines Ltd., Brookfield Asset Management, Tourmaline Oil Corp and Gildan Activewear.
There are three stocks hitting new 52-week lows – Canadian Apartment Properties REIT, Northland Power Inc. and Boralex Inc.
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