The S&P/TSX Composite climbed 1.4 per cent for the shortened trading week ending with Friday’s close and is now 11.0 per cent higher for 2025. The index’s Relative Strength Index (RSI) of 73 puts it in official overbought territory, above the sell signal of 70 that signals the potential for a temporary pullback.
There are two stocks with attractive RSIs below the 30 buy signal this week – Waste Connections Inc. and North West Co Inc.
The list of overbought stocks with RSIs above 70 is much longer at 28 members. The most overbought companies are Bombardier Inc., Rogers Communications Inc., Exchange Income Corp., H&R REIT and Toronto-Dominion Bank.
There are 14 stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in one of the tables below. The biggest companies making new highs are TD Bank, Canadian Imperial Bank of Commerce, Atkinsrealis Group Inc., Bombardier and Element Fleet Management Corp.
There are no stocks making new lows this week.
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