The S&P/TSX Composite climbed 0.8 per cent for the trading week ending with Friday’s close and is now 9.4 per cent higher for 2025. The index’s Relative Strength Index (RSI) of 64 leaves it in technically neutral territory but far closer to the overbought sell signal of 70 than the technically attractive buy signal at 30.
There are two attractively oversold index constituents with RSIs below 30 this week – North West Co. Inc. and Equinox Gold Corp.
The list of overbought companies trading above the sell signal is far larger at 17 members. The most overbought stocks are Laurentian Bank of Canada, Finning International Inc., Celestica Inc., National Bank of Canada and Exchange Income Corp.
There are 13 stocks showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The biggest companies making new highs are Bank of Montreal, Sun Life Financial Inc., Power Corp of Canada Celestica Inc. and Stantec Inc.
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