The S&P/TSX Composite climbed 1.8 per cent for the trading week e3nding with Friday’s close and is now 7.0 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) of 61 leaves it in the neutral technical zone but much closer to the overbought sell signal of 70 than the attractive oversold RSI buy signal of 30.
There are nine index constituents trading with oversold RSIs below the 30 buy signal this week. Goeasy Ltd. is the most oversold company and Rogers Communications Inc., Boyd Group Services Inc., Cogeco Communications Inc., BCE Inc., Telus Corp., Birchcliff Energy Ltd., Pet Valu Holdings Ltd and Quebecor Inc. follow behind.
There are 13 TSX stocks with RSIs above the sell signal led by Transcontinental Inc., Boralex Inc., ATCO Ltd., Westshore Terminals Investment Corp. and Canadian Utilities Ltd.
There are 19 index stocks showing strong price momentum by hitting new 52-week highs are they are ranked by market capitalization in a table below. The largest companies making new highs are Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, National Bank, Brookfield Renewable Partners and Emera Inc.
The are five companies making new lows – CGI Inc. Definity Financial Corp., Boyd Group, Lightspeed Commerce inc. and Goeasy Ltd.