The S&P/TSX Composite rose 0.7 per cent for the trading week ending with Friday’s close and is now 13.0 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 71 leaves it in official overbought territory as it is above the 70 sell signal and vulnerable to a temporary pullback.
The are four stocks with attractive RSIs below the 30 buy signal. Winpak Ltd. is the most oversold stocks followed by Superior Plus Corp., Teck Resources Ltd. and Canadian National Railway Co.
There are 23 overbought index stocks by RSI this week. The most overbought were Transalta Corp., Spartan Delta Corp., Brookfield Corp., CI Financial Corp. and Emera Inc.
There are 13 stocks showing strong price momentum by hitting new 52-week highs last week and they are ranked by market capitalization in the table below. The biggest companies making new highs are Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Imperial Oil Ltd., Barrick Mining Co. and Cameco Corp.
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