The S&P/TSX Composite leapt 4.1 per cent for the trading week ending with Friday’s close and is now higher by 30.0 per cent for 2025. The benchmark’s Relative Strength Index (RSI) of 66 is bumping up against the overbought sell signal of 70.
There are five companies trading with attractive, oversold RSIs below the buy signal of 30 this week – Telus Corp., InterRent REIT, Allied Properties REIT, Northland Power Inc. and Stantec Inc..
There are 22 index constituents with RSIs above the 70 sell signal, suggesting risks for a temporary pullback. National Bank is the most overbought stock followed by Birchcliff Energy Ltd., Great West Lifeco Inc., Topaz Energy Corp. and DPM Metals Inc.
The list of stocks showing strong price momentum by hitting new 52-week highs is enormous at 35 members and they are ranked by market capitalization in a table below. Royal Bank of Canada is the largest company making new highs followed by Toronto-Dominion Bank, Bank of Nova Scotia, Barrick Mining Corp. and National Bank of Canada.
There are no stocks making new 52-week lows.
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