The S&P/TSX Composite fell 1.6 per cent for the trading week ending with Friday’s close and is now 3.0 per cent higher for 2026. The index’s Relative Strength Index (RSI) of 40 puts it in the technical neutral range although closer to the attractive, oversold buy signal of 30 than the overbought sell signal of 70.
There are 15 stocks with RSIs below the buy signal this week, implying a higher potential for a short term rebound. Goeasy Ltd. is the most oversold company in the index followed by Pet Valu Holdings Ltd., Enghouse Systems Ltd., Gildan Activewear Inc. and Brookfield Corp.
There are 14 index constituents with RSIs above 70, indicating overbought conditions and the potential for a temporary pullback. Canadian Natural Resources Ltd. is the most overbought company and Parex Resources Inc., Nutrien Ltd., Peyto Exploration and Development Corp. and Vermilion Energy Inc. round out the top five.
There are 16 stocks 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 Canadian Natural Resources, Suncor Energy Inc., Fortis Inc., Hydro One Ltd. and Emera Inc.