The S&P/TSX Composite Index fell a marginal 0.2 per cent for the trading week ending with Friday’s close and is now 11.0 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) of 54 leaves it firmly in technical neutral territory, not far from the midpoint between the technically attractive, oversold buy signal of 30 and the overbought sell signal of 70.
There are two stocks with RSIs below the buy signal this week. Dye and Durham Ltd. remains on the list. Newcomer Suncor Energy Inc. is more interesting although it’s just barely below the 30 level.
There are 12 benchmark stocks on the overbought, technically vulnerable list with RSIs above 70 this week. The banks dominate the top of the list with Bank of Nova Scotia, Toronto-Dominion Bank, Bank of Montreal, and Royal Bank of Canada topping things off.
There are eight stocks showing strong price momentum by hitting new highs this week and they are sorted by market cap in a table below. TD Bank, BMO, BNS, National Bank and Smartcentres REIT are the biggest companies making new highs.
The Boyd Group Inc. and Dye and Durham Ltd. are the two stocks making new 52-week lows.