The S&P/TSX Composite Index leapt 3.9 per cent for the trading week ending with Thursday’s close and is now 5.1 per cent higher for 2026.
The index’s Relative Strength Index (RSI) of 55 leaves it close to the midpoint between the technically attractive, oversold buy signal at 30 and the overbought, technically vulnerable sell signal of 70.
There are five benchmark constituents with attractive RSIs below the 30 buy signal. In order, these are Pet Valu Holdings Ltd., Goeasy Ltd., The Boyd Group Inc., Premium Brands Holdings Corp. and Rogers Communications Inc.
There are six index stocks with RSIs above the 70 sell signal indicating a higher than usual possibility of a temporary pullback. Transcontinental is the most overbought stock followed by Boralex Inc., Northland Power Inc., Suncor Energy Inc., Brookfield Renewable Partners and Cenovus Energy Inc.
There are six stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. Restaurant Brands International is the largest company making new highs followed by Brookfield Renewable Partners, Saputo Inc., Canadian Utilities Ltd., Atco Ltd and Bird Construction Inc.
Pet Valu Holdings is the only stock making new 52-week lows.