TSX Index on the Rise!

The S&P/TSX Composite index has been on an impressive upward trajectory, climbing 0.9% for the trading week ending on Friday. It boasts a staggering 20.7% increase for 2025, reflecting a robust market, but caution is advised as its Relative Strength Index (RSI) hits an alarming 77—well into overbought territory.

Spotlight on the Most Oversold Stocks

Amid this market surge, savvy investors should take note of three enticing oversold stocks, each exhibiting a RSI below the critical buy signal of 30. Leading the pack is Boralex Inc., presenting an attractive opportunity for bargain hunters. Following closely are Empire Co. Ltd. and ARC Resources Ltd., both positioned well for potential gains.

A Sea of Overbought Stocks!

On the flip side, the TSX is home to a staggering 34 overbought stocks, signaling potential downturns. The top five stocks in this category are OR Royalties Inc., IAMGOLD Corp., Oceanagold Corp., Eldorado Gold Corp., and SSR Mining Inc. Investors should tread carefully with these names as the market begins to recalibrate.

Breaking New Ground: 52-Week Highs!

Excitingly, 20 TSX stocks have managed to break through to new 52-week highs, showcasing exceptional price momentum. Among these heavy hitters are notable giants like Toronto-Dominion Bank, Enbridge Inc., TC Energy Corp., Kinross Gold Corp., and First Quantum Minerals Ltd., all ranked by market capitalization in the table below.

The Bottom Line: No New Lows!

It's worth mentioning that currently, no index constituents are hitting new lows, a signal of stability in these otherwise dynamic market conditions. As the TSX indexes continue to evolve, staying informed and strategic is more crucial than ever!