The S&P/TSX Composite jumped 5.1 per cent for the shortened trading week ending with Thursday’s close and is now lower by 1.3 per cent for 2025. The benchmark’s Relative Strength Index (RSI) of 49 leaves it almost exactly at the midpoint between the technically attractive buy signal of 30 and the overbought, RSI sell signal at 70.
There are three benchmark constituents with attractive RSIs below 30 – Methanex Corp. (MX-T), Tilray Brands Inc. (TLRY-T) and Dye & Durham Ltd. (DND-T).
There are 10 overbought index stocks according to RSI, trading above 70. The five most overbought companies are Converge Technology Solutions Corp. (CTS-T), Torex Gold Resources Inc. (TXG-T), Sandstorm Gold Ltd. (SSL-T), Sprott Inc. (SII-T) and Loblaw Companies Ltd. (L-T).
Surprisingly, there are no benchmark stocks making new 52-week highs or 52-week lows.
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