The S&P/TSX Composite climbed 1.6 per cent for the trading week ending with Friday’s close and is now 11.3 per cent higher for 2026. The index’s Relative Strength Index (RSI) of 57 puts it in technically neutral territory although a bit closer to the overbought, RSI sell signal of 70 than the oversold, technically attractive RSI buy signal of 30.
There is only one TSX stock, Dye & Durham, Ltd. with an attractive oversold RSI below 30 this week but it’s been mired in oversold territory for multiple weeks.
There are 13 index constituents with RSIs above the sell signal this week. The most overbought stocks in the benchmark are Royal Bank of Canada, Bank of Nova Scotia, Sun Life Financial Inc., Smartcentres REIT and Toronto-Dominion Bank.
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. Four banks top the list – Royal, TD, BMO and BNS – and they are joined by Manulife Financial Corp. in the top five. There are no benchmark stocks hitting new 52-week lows.