TSX market update: Oversold and overbought stocks based on RSI momentum indicators
By
Scott Barlow
3h ago· 2 min readenInsight
Summary
The article analyzes the S&P/TSX Composite Index's recent performance, noting a 0.4% weekly gain and a 21.6% year-to-date increase. It discusses the Relative Strength Index (RSI) of 55, placing the index in neutral territory, and identifies seven stocks with RSIs below 30 (oversold), including Dye and Durham Ltd., Telus Corp., Methanex Corp., Pason Systems Inc., and Vermilion Energy Inc. The piece focuses on momentum indicators for Canadian equities.
Source
bskyTSX market update: Oversold and overbought stocks based on RSI momentum indicatorstheglobeandmail.comKey quotes
· 3 pulledThe S&P/TSX Composite Index rose 0.4 per cent for the trading week ending with Friday's close and is now 21.6 per cent higher for 2026.
The index's Relative Strength Index (RSI) of 55 leaves it in the technical neutral range, slightly closer to the overbought sell signal of 70 and the attractive, oversold buy signal of 30.
A sub-30 reading usually indicates a better chance for a rebound but Dye and Durham Ltd. has been languishing in oversold territory for a number of weeks.
A look at equities with momentum in both directions
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