TSX Sees a Strong Week!

The S&P/TSX Composite index has made a noteworthy jump of 1.4% for the trading week that concluded Friday, and it's showing an impressive 2.2% increase for 2025. However, the current Relative Strength Index (RSI) at 59 suggests it's hovering in the neutral zone, getting dangerously close to the overbought signal of 70 rather than the attractive buy signal at 30.

Who's Oversold and Who's Overbought?

This week, there aren't any index constituents in the oversold territory with RSIs below the buy signal. But be wary! Five companies are flashing red with RSIs exceeding 70, indicating they may be overbought. These stocks include: 1. Loblaw Companies Ltd. 2. Kinaxis Inc. 3. Capital Power Corp. 4. CIBC 5. Empire Co. Ltd.

Stocks Soaring to New Heights!

On a brighter note, 10 stocks are currently riding waves of momentum with newly minted 52-week highs. The giants leading the charge, ranked by market capitalization, are: 1. TD Bank 2. Constellation Software Inc. 3. Loblaw Companies 4. Fairfax Financial Holdings Ltd. 5. TMX Group Ltd.

Market Stability?

Interestingly, there are no benchmark stocks plummeting to new 52-week lows, reflecting a stable moment in the market. Stay tuned, as the dynamics of the TSX continue to evolve!