The S&P/TSX Composite jumped 1.4 per cent for the trading week ending with Friday’s close and is now 16.1 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) of 56 leaves it in the technically neutral range between the attract5ive oversold buy signal of 30 and the overbought RSI sell signal of 70.
Allied Properties REIT, Ballard Power Systems Inc. and Canopy Growth are really, really oversold with RSIs below 20. Element Fleet Management Corp., Energy Fuels Inc., Tilray Brands Inc., Air Canada and Labrador Iron Ore Royalty Co. are also oversold.
There are 18 overbought, technically vulnerable stocks this week led by Dollarama Inc., Loblaw Companies Ltd., Suncor Energy, George Weston Ltd. and Metro Inc.
There are no benchmark constituents showing strong price momentum by hitting new 52-week highs. Stocks hitting new lows include Telus Corp., Boardwalk REIT, H&R REIT and Allied Properties REIT.