Oversold The S&P/TSX Composite fell 0.5 per cent for the trading week ending with Friday’s close and is now 8.2 per cent higher for 2024. The benchmark’s Relative Strength Index (RSI) of 64 leaves it in technically neutral territory although much closer to the overbought sell signal of 70 than the technically attractive oversold RSI buy signal at 30.
There are 14 stocks trading below the buy signal this week led by First Quantum Minerals Ltd., Peyto Exploration and Development Corp., Tourmaline Oil Corp., Tamarack Valley Energy Ltd. and Baytex Energy Corp.