The S&P/TSX Composite rose 1.4 per cent during a volatile trading week ending with Friday’s close and is now 25.5 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 52 is in neutral technical territory, almost the midpoint between the attractive, oversold buy signal of 30 and the sell signal of 70.
There are 11 stocks trading with oversold RSIs below 30 implying a higher probability of a temporary bounce. Superior Plus Corp. is the most oversold company followed by Northland Power Inc., Goeasy Ltd., H&R REIT and Allied Properties REIT.
There are 18 stocks with RSIs above 70 suggesting they are vulnerable to a temporary pullback. Baytex Energy Corp. is the most overbought index constituent, and it’s succeeded by Power Corp of Canada, Quebecor Inc., CCL Industries Inc. and Canadian Imperial Bank of Commerce.
There are 17 index members showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. The biggest companies making new highs are CIBC, TC Energy Corp., Suncor Energy Inc., Loblaw Companies Ltd and Imperial Oil Ltd.
There are three companies making new lows – Allied Properties REIT, EQB Inc. and Goeasy Ltd.
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