The S&P/TSX Composite index jumped 2.4 per cent for the trading week ending with Friday’s close and is now up 2.9 per cent in 2026. The benchmark’s Relative Strength Index (RSI) of 69 leaves it right on the border of overbought territory and the sell signal at 70. The attractive, oversold RSI buy signal of 30 is a distant memory but the RSI metric can change quickly.
There are no TSX constituents with RSIs below the buy signal of 30. There are 37 index members with RSIs above the sell signal of 70 indicating a higher probability of a temporary pullback. The five most overbought stocks are Aritzia Inc., Methanex Corp., Primaris REIT, Granite REIT and Lundin Mining Corp.
There is a huge number of companies, 44 of them, showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. The five biggest companies making new highs are Agnico Eagle Mines Ltd., Barrick Mining Corp., Manulife Financial Corp., Wheaton Precious Metals Corp. and Suncor Energy Inc.
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