The S&P/TSX Composite jumped another 1.7 per cent for the trading week ending with Friday’s close and is now 19.6 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) reading of 79 leaves it deeply in overbought territory, well above the 70 sell signal.
There is only one stock, Enghouse Systems Ltd., trading with an attractive oversold RSI level below the buy signal of 30. Enghouse is also the only stock hitting a new 52-week low.
The list of overbought, technically vulnerable stocks with RSIs over 70 is huge this week at 35 members. The most overbought stocks are, in order, Bank of Nova Scotia, OR Royalties Inc., SSR Mining Inc., Equinox Gold Corp. and Bank of Montreal.
There are 36 TSX 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 Enbridge Inc., Bank of Montreal, Bank of Nova Scotia, Agnico Eagle Mines Ltd. and Barrick Mining Corp.
-
-
-