The S&P/TSX Composite Index experienced a decline of 1.0% during the latest trading week, concluding on Friday. However, it remains 9.6% higher for the year 2026, including dividends. The benchmark’s Relative Strength Index (RSI) stands at 51, which is neutral. This positions it between the oversold buy signal of 30 and the overbought sell signal of 70.
Oversold and Overbought Stocks on the TSX
This week, two constituents of the index have been identified as oversold, suggesting the potential for a rebound. These stocks are:
- Dye and Durham Ltd
- InterRent REIT
Conversely, eight stocks currently exhibit RSIs above 70, indicating a higher likelihood of a temporary price pullback. TFI International leads this group as the most overbought stock, followed by:
- Mullen Group Ltd.
- Great-West Lifeco
- Royal Bank of Canada
- AltaGas Ltd.
Stocks with Strong Price Momentum
Additionally, 11 stocks reached new 52-week highs, reflecting strong price momentum. The largest companies, ranked by market capitalization, are:
- Canadian National Railway Co.
- Great-West Lifeco
- Sun Life Financial Corp.
- Power Corp of Canada
- George Weston Ltd.
Weekly Declines
On the other end of the spectrum, Atkinsrealis Group Inc. and Terravest Industries Inc. have recorded notable declines this week:
| Stock | 1W % Return | YTD % Return | Market Cap |
|---|---|---|---|
| Atkinsrealis Group Inc. | -3.31 | -9.64 | $13,020,498,871 |
| Terravest Industries Inc. | -29.51 | -34.01 | $2,350,675,138 |
As the market continues to evolve, investors are advised to keep a close watch on these oversold and overbought stocks on the TSX. With opportunities for rebounds and risks of pullbacks, careful analysis will be essential.
