The S&P/TSX Composite was higher by 0.81 per cent for the trading week ending with Friday’s close and now stands 25.4 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 57 leaves it in the neutral technical range between the oversold RSI buy signal of 30 and the overbought RSI sell signal of 70.
There are four companies with attractive RSIs below the buy signal this week. The most oversold stock is Firstservice Corp followed by Interfor Corp., Dye & Durham Ltd and Cargojet Inc.
There are 13 stocks trading above the sell signal at 70 indicating a higher probability of a short-term pullback. Finning International Inc. is the most overbought stock with Atco Ltd., Transalta Corp., Rogers Communications Inc. and Badger Infrastructure Solutions Ltd.
There are 20 index companies showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in a table below. Shopify Inc. is the biggest company making new highs, followed by four banks – Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and National Bank of Canada.
One stock, West Fraser Timber Co. Ltd., made a new 52-week low.
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