The S&P/TSX Composite dropped 3.6 per cent for the trading week ending with Friday’s close and is now 5.0 per cent higher for 2026, including dividends. The benchmark’s Relative Strength Index (RSI) of 46 is very close to the midpoint of the oversold buy signal of 30 and the overbought, technically vulnerable sell signal of 70.
There are six companies with attractive RSIs below the 30 buy signal. Allied Properties REIT is the most oversold company followed by Pet Valu Holdings Ltd., Gildan Activewear Inc., BRP Inc., Algonquin Power and Utilities Corp. and IA Financial Corp Inc.
The list of overbought TSX stocks is a lot smaller this week at seven members. Canadian Natural Resources Ltd. is unsurprisingly the most overbought stock in the index on higher energy prices. Atco Ltd. is next then Paramount Resources Ltd., Peyto Explorations and Development Corp., Quebecor Inc., Hydro One Ltd. and Dye and Durham Ltd.
There are nine stocks showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in a table below. The top five are Canadian Natural Resources, Hydro One, Whitecap resources, Canadian Utilities Ltd. and Atco Ltd.
There are two companies hitting new 52-week lows – FirstService Corp and Allied Properties.