TSX Stocks: Overbought, Oversold, and Momentum Leaders

The TSX Composite index rose 2.4% for the week and is up 2.9% in 2023. The RSI is at 69, indicating overbought territory. 37 stocks have RSIs above 70, indicating a higher probability of a temporary pullback. The 5 most overbought stocks are Aritzia, Methanex, Primaris REIT, Granite REIT, and Lundin Mining. 44 companies have hit new 52-week highs, with the largest being Agnico Eagle Mines, Barrick Mining, Manulife Financial, Wheaton Precious Metals, and Suncor Energy.