The S&P/TSX Composite dropped 1.1 per cent for the trading week ending with Friday’s close and is now 23.7 per cent higher for 2025 so far.
The benchmark’s Relative Strength Index (RSI) of 47 leaves it in technical neutral territory, between the attractive oversold buy signal of 30 and the overbought, RSI sell signal of 70.
There are 12 stocks with attractive RSIs below the buy signal this week. The most oversold companies are Altus Group Ltd., Maple Leaf Foods Inc. and FirstService Corp. Allied Properties REIT and Killam Apartment REIT are also on the oversold list.
There are also 12 overbought index stocks according to RSI. The most overbought companies are Power Corp of Canada, Nuvista Energy Ltd., Spartan Delta Corp., ATCO Ltd. and Quebecor Inc.
There are 15 stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. The largest companies making new highs are Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Suncor Energy Inc., Imperial Oil Ltd. and Power Corp of Canada.
Companies making new lows are Thomson Reuters Corp., Constellation Software Inc., Descartes Systems Group, Firstservice Corp., GoEasy Ltd. and Altus Group Ltd.
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