TSX Stocks at Neutral and Overbought Levels: Telus and TransAlta Oversold, Laurentian Bank and RBC Overbought

The S&P/TSX Composite rose 0.8% for the week, up 31.7% year-to-date. The RSI of 64 puts it in the neutral range, but closer to the overbought signal. Three stocks are oversold: Telus Corp., Imperial Oil Ltd., and TransAlta Corp. Twenty-one stocks are overbought, led by Laurentian Bank, Artis REIT, and Toronto-Dominion Bank. Thirty-two stocks show strong price momentum with new 52-week highs, while two stocks, Telus Corp. and GFL Environmental Inc., hit new lows.