The S&P/TSX Composite rose 1.0 per cent for the trading week ending with Friday’s close and is now 8.1 per cent higher for 2025. The index’s Relative Strength Index (RSI) of 70 puts it exactly at the overbought sell signal indicating temporary technical vulnerability.
There is one stock this week with an attractive RSI below the oversold buy signal of 30 – Enghouse Systems Ltd. The list of overbought companies with RSIs above 70 is far larger at 26. The five most overbought stocks are Canadian Tire Corp. Ltd., MAG Silver Corp., AtkinsRéalis Group Inc., Parex Resources Inc. and K92 Mining Inc..
There are 17 stocks showing strong price momentum by hitting new 52-week highs this week and they are ranked by market capitalization in the table below. The five largest companies hitting new highs are Toronto-Dominion Bank, Sun Life Financial Inc., Lundin Gold Inc., Stantec Inc. and AtkinsRéalis Group Inc. There are no index constituents making new 52-week lows.
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