The S&P/TSX Composite fell 0.3 per cent for the shortened trading week ending with Friday’s close and is now 5.8 per cent higher for 2025. Despite the loss, the benchmark’s Relative Strength Index (RSI) of 66 leaves it very close to overbought territory – the overbought RSI sell signal is at 70.
There are no stocks with attractive oversold RSI reading below the buy signal of 30 this week. Interfor Corp. and Bausch Health Companies Inc. are closest.
There are 20 index constituents with technically vulnerable RSIs above 70. The five most overbought stocks are Canada Goose Holdings Inc., Atkinsrealis Group Inc., Canadian Tire Corp., Canadian Imperial Bank of Commerce and Cameco Corp.
There are 12 stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. He largest companies making new highs are Toronto-Dominion Bank, Fairfax Financial Holdings Ltd., Atkinsrealis Group, OR Royalties Inc. and New Gold Inc.
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