The S&P/TSX Composite popped 1.7 per cent for the trading week ending with Friday’s close and is now 2.6 per cent higher for 2026 including dividends. The benchmark’s Relative Strength Index (RSI) of 50 puts it exactly halfway between the technically attractive, oversold buy signal of 30 and the overbought sell sign of 70.
There are 11 index constituents with attractive RSIs below 30. The five most oversold stocks are Thomson Reuters Corp., Altus Group Ltd., Shopify Inc., Descartes Systems Group and Lightspeed Commerce Inc.
There are 12 overbought, technically vulnerable benchmark stocks this week. The most overbought companies are Precision Drilling Corp., Brookfield Infrastructure Partners, Keyera Corp., Pembina Pipeline Corp. and Westshore Terminals Investment Corp.
There are 27 stocks showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in a table below. The largest companies making new highs are Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Canadian Natural Resources Ltd. and Suncor Energy Inc..
There are three stocks making new 52-week lows – Thomson Reuters, ARC Resources, and TMX Group Ltd.
-
-
-