Finance

Unveiling the TSX: The Hottest and Coldest Stocks Right Now!

2025-04-28

Author: Amelia

The S&P/TSX Composite has kicked off 2025 with a bang, soaring by 2.2% in just one trading week! With an overall gain of 0.8% this year, investors are buzzing about the market's potential. But what's the current sentiment in stock performance?

The benchmark's Relative Strength Index (RSI) sits at a balanced 55, indicating a neutral market—far from the oversold territory below 30 that signals a buy, and shy of the overbought zone above 70 that warns savvy investors to sell. So, what's on the radar this week?

Notably, there are no underperformers this week with RSIs flirting with the oversold line. However, three stocks are sending warning signals with their RSIs above 70, signaling potential overbought conditions. Keep an eye on these hot commodities: Loblaw Companies Ltd., Innergex Renewable Energy Inc., and Boralex Inc.

On the upside, momentum is almost palpable as three stocks are celebrating new 52-week highs—Loblaw, Hydro One Ltd., and Element Fleet Management Corp. Meanwhile, Richelieu Hardware Ltd. is struggling, setting a new 52-week low. It's a fascinating time to watch the TSX unfold!