The S&P/TSX Composite climbed another 1.6 per cent for the trading week ending with Friday’s close and is now 16.6 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) https://www.investopedia.com/terms/r/rsi.aspof of 71 leaves it in official overbought territory, above the sell signal of 70. There are no technically attractive, oversold benchmark constituents with RSIs below the buy signal of 30 this week.
There are 33 index stocks that are overbought by RSI. The five frothiest stocks are Maple Leaf Foods Inc., Granite REIT, Barrick Mining Corp., Bank of Nova Scotia and Colliers International Group.
The list if index constituents showing strong price momentum by hitting new 52-week highs is enormous at 40 members as of Friday. These stocks are ranked by market capitalization in the table below with Royal Bank, Bank of Montreal, Agnico Eagle Mines Ltd., Barrick Mining Corp and Imperial Oil Ltd. at the top of the list.