The S&P/TSX Composite jumped another 1.9 per cent for the trading week ending with Friday’s close and is now 9.1 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) of 67 leaves it in technically neutral territory but much closer to the overbought sell signal of 70 than the oversold, attractive RSI buy signal at 30.
There are five attractive stocks by RSI this week, with levels below 30. Goeasy Ltd. remains on the list followed by Precision Drilling Corp., Rogers Communications Inc., Birchcliff Energy Ltd. and Advantage Energy Ltd.
There are 27 index constituents with RSIs above 70, indicating a higher probability of a temporary pullback. Blackberry Ltd. is the most overbought company followed by Boralex Inc., First Capital REIT, IGM Financial Inc. and Sun Life Financial Inc.
There are 17 TSX stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. The five biggest companies making new highs are all banks – Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada.
There are two index stocks making new 52-week lows – Advantage Energy Ltd. and Superior Plus Corp.