The S&P/TSX Composite index rose another 1.4 per cent for the week ending with Friday’s close and is now 3.5 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 63 leaves it in technically neutral territory, although closer to the overbought sell signal of 70 than the technically attractive, RSI buy signal of 30.
There are no oversold stocks with RSIs below 30 this week, Westshore Terminals Investment Corp. and Bausch Health Companies Inc. are closest. There are 19 overbought, technically vulnerable companies led by Transcontinental Inc., Air Canada, Linamar Corp., Oceangold Corp. and Algonquin Power and Utilities Ltd.
There are also 19 index constituents showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The biggest companies making new highs are Thomson Reuters Corp., Wheaton Precious Metals Corp., Lundin Gold Inc., TMX Group Ltd. and Stantec Inc.
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