
Uncovering the Most Oversold and Overbought Stocks on the TSX
2025-06-23
Author: Benjamin
TSX Trading Overview: A Flat Week with Surprising Insights
The S&P/TSX Composite wrapped up another week of trading with little movement, stabilizing at a modest gain of 8.6% for 2025. However, the index’s Relative Strength Index (RSI) sits at 65, hovering closer to the overbought territory than many investors might prefer.
Eyes on the Oversold Contenders
Interestingly, two notable companies have emerged from the chill of overselling, boasting RSIs that dip below the critical buy signal threshold. North West Co. Inc. and Enghouse Systems Ltd. are currently presenting enticing opportunities for traders. Additionally, TC Energy Corp is teetering on the edge of this territory with an RSI of 30.4, suggesting it may be worth watching closely.
Overbought Alert: The Top Five Vulnerable Stocks
On the other end of the spectrum, a staggering 23 stocks on the TSX are flipping red flags, with RSIs exceeding 70. Among them, the top five most overbought players include nutrient-rich Paramount Resources Ltd., investment firm Sprott Inc., energy powerhouse Birchcliff Energy Ltd., the dynamic Spartan Delta Corp., and retail giant Canadian Tire Corp.
Strong Movers: Companies Hitting New 52-Week Highs
Shining a light on stocks in a bullish phase, 14 benchmark companies have recently celebrated new 52-week highs. Among the heavyweights, Fairfax Financial Holdings Ltd., IA Financial Corp., Element Fleet Management, Empire Co. Ltd., and Canadian Tire lead the charge.
No New Lows to Report
In more encouraging news for the TSX, there have been no benchmark constituents falling to new lows this week, showcasing a resilient market environment.