The most oversold and overbought stocks on the TSX

The S&P/TSX Composite jumped 2.3 per cent for the trading week ending with Friday’s close and is up 24.7 per cent for a 2024 that is about to hit its final month. The index’sThere are six benchmark constituents that remain oversold and technically attractive with RSIs below the buy signal of 30. BCE Inc. is the most oversold company, followed by , InterRent REIT, Boralex Inc., H&R REIT, Innergex Renewable Energy Inc. and Boardwalk REIT.

There is a long list of overbought TSX stocks this week led by Keyera Corp., Canadian Imperial Bank of Commerce, Canadian Western Bank, Definity Financial Corp. and Bank of Nova Scotia. There are 14 index stock prices showing strong price momentum by hitting new highs and they are ranked by market capitalization in the table below. The five biggest companies making new highs are Bank of Nova Scotia, CIBC, Suncor Energy Inc., Waste Connections Inc. and Imperial Oil Ltd.David Rosenberg: It’s time for a broad move into cash. Even most bonds and commodities have become too risky

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