OversoldObviously, no surprise here. GLTA
The S&P/TSX Composite Index fell 0.5 per cent for the trading week ending with Friday’s close and now stands 7.1 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 55 leaves it in neutral technical territory, between the oversold buy signal of 70 and the overbought sell signal of 70.
There are nine index stocks trading with attractive RSIs below the 30 buy signal. In order, the five most oversold companies are Altus Group Ltd., Thomson Reuters Corp., Bausch Health Co. Inc., Colliers International Group and Gildan Activewear.