Top Overbought and Oversold Stocks on the TSX
The S&P/TSX Composite Index experienced significant growth, rising 3.9% for the week concluding Thursday. This increase has brought its year-to-date performance to a notable 5.1% for 2026. The index is currently positioned at a Relative Strength Index (RSI) of 55, indicating it is near the neutral zone. This position sits between the oversold buy signal at 30 and the overbought sell signal at 70.
Overbought and Oversold Stocks on the TSX
Several stocks within the index show varying RSI levels, indicating their performance relative to the broader market trends. Stocks with RSIs below 30 suggest potential buying opportunities, whereas those above 70 signal a likelihood of temporary declines.
Oversold Stocks with Attractive Buying Signals
- Pet Valu Holdings Ltd.
- Goeasy Ltd.
- The Boyd Group Inc.
- Premium Brands Holdings Corp.
- Rogers Communications Inc.
Overbought Stocks Indicating Potential Pullbacks
In contrast, several stocks exhibit signs of being overbought, with RSIs exceeding the critical level of 70. These stocks are at a higher risk of experiencing short-term pullbacks:
- Transcontinental Inc.
- Boralex Inc.
- Northland Power Inc.
- Suncor Energy Inc.
- Brookfield Renewable Partners
- Cenovus Energy Inc.
Stocks Hitting New 52-Week Highs
Additionally, several stocks have achieved new 52-week highs, demonstrating strong price momentum. The following companies are the top performers based on market capitalization:
| Rank | Company |
|---|---|
| 1 | Restaurant Brands International |
| 2 | Brookfield Renewable Partners |
| 3 | Saputo Inc. |
| 4 | Canadian Utilities Ltd. |
| 5 | Atco Ltd. |
| 6 | Bird Construction Inc. |
Stocks Reaching New 52-Week Lows
On the other hand, Pet Valu Holdings Ltd. stands out as the only stock reaching a new 52-week low during this period.
Investors should monitor these trends closely to make informed decisions regarding their investments in the TSX.
