The S&P/TSX Composite jumped 2.7 per cent for the trading week ending with Friday’s close and is now 14.1 per cent higher for 2025. The benchmark’s Relative Strength Index (RSI) of 63 leaves it in the higher end of the technically neutral range, closer to the overbought sell signal of 70 than the technically attractive RSI buy signal of 30. There are 13 index constituents with attractive RSIs below the buy signal. The most oversold stocks are Canadian Tire Corp. Ltd., Algoma Steel Group Inc., Russel Metals Inc., Brookfield Infrastructure Partners and Superior Plus Corp. The list of overbought, technically vulnerable index members is much longer at 27. The most overbought stocks are Saputo Inc., Maple Leaf Foods Inc., Power Corp of Canada, Colliers International Group Inc. and Celestica Inc. There are 21 TSX companies with stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The biggest companies making new highs are Agnico Eagle Mines Ltd., Wheaton Precious Metals Corp., National Bank of Canada, Barrick Mining Corp. and Power Corp of Canada. The stocks making new 52-week lows are Pembina Pipeline Corp. and Labrador Iron Ore Royalty Co.

The most oversold and overbought stocks on the TSX

The S&P/TSX Composite index rose 2.7% for the week ending Friday, reaching a 14.1% increase for 2025. Its Relative Strength Index (RSI) of 63 indicates it is near the overbought level of 70, suggesting technical caution. Among index constituents, Canadian Tire Corp. Ltd., Algoma Steel Group Inc., Russel Metals Inc., Brookfield Infrastructure Partners, and Superior Plus Corp. are identified as the most oversold, while 27 stocks are considered overbought, including Saputo Inc., Maple Leaf Foods Inc., Power Corp of Canada, Colliers International Group Inc., and Celestica Inc. Additionally, 21 TSX companies have reached new 52-week highs, led by Agnico Eagle Mines Ltd., Wheaton Precious Metals Corp., National Bank of Canada, Barrick Mining Corp., and Power Corp of Canada. Pembina Pipeline Corp. and Labrador Iron Ore Royalty Co. are noted as having hit new 52-week lows.