The S&P/TSX Composite was almost exactly flat for the trading week ending with Friday’s close (up 0.000836 per cent) and now sits 7.7 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) is 55, in the technical neutral zone but a bit closer to the overbought sell signal of 70 than the technically attractive, oversold buy signal of 30.
There are four index constituents with attractive oversold RSIs below 30 this week. Winpak Ltd. is the most oversold company followed by Fairfax Financial Holdings Ltd., Firstservice Corp. and Franco-Nevada Corp.
There are 18 benchmark constituents with RSIs above 70, implying a higher probability of a temporary pullback. The top five most extended stocks are Boralex Inc., Mullen Group Ltd., Great-West Lifeco Inc., Badger Infrastructure Solutions and IA Financial Corp. Inc.
There are also 18 index stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in a table below. Canadian Imperial Bank of Commerce, Bank of Nova Scotia, National Bank of Canada. Cenovus Energy Inc. and Great-West Lifeco are the biggest companies making new highs.
There are three stocks making new 52-week lows – Fairfax Financial, GFL Environmental Inc. and Firstservice.