The S&P/TSX Composite was flat over the trading week ending with Friday’s close and stays 8.6 per cent higher for 2025. The index’s Relative Strength Index (RSI) of 65 leaves it in the upper reaches of technically neutral territory, far closer to the overbought sell signal of 70 than the technically attractive RSI buy signal at 30.
The are two benchmark constituents oversold enough to generate RSIs below the buy signal this week – North West Co. Inc. and Enghouse Systems Ltd. TC Energy Corp is close to oversold with an RSI at 30.4.
There are 23 overbought, technically vulnerable TSX stocks with RSIs above 70 this week. The five most overbought companies are Paramount Resources Ltd., Sprott Inc., Birchcliff Energy Ltd., Spartan Delta Corp. and Canadian Tire Corp.
There are 14 benchmark stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization below. The five biggest companies making new highs are Fairfax Financial Holdings Ltd., IA Financial Corp., Element Fleet Management, Empire Co. Ltd., and Canadian Tire.
There are no benchmark constituents hitting new lows.
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