overbought

adjective

over·bought ˌō-vər-ˈbȯt

: not likely to show an immediate rise in price because of prior heavy buying and accompanying price rises

an overbought market

Examples of overbought in a Sentence

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United Airlines is another overbought stock, with a 14-day RSI of 78.7. —

Pia Singh, CNBC, 1 Nov. 2024 Interest in the stock has pushed it to overbought territory, based on its 14-day relative strength index. —

Sasha Rogelberg, Fortune Asia, 30 Oct. 2024 Our exposure to Hong Kong growth stocks and Mainland China mega-cap stocks went to extremely overbought conditions following the meteoric rise following the PBOC and government announcements the week of September 23. —

Brendan Ahern, Forbes, 24 Oct. 2024 While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. —

David Keller, CNBC, 17 Oct. 2024 See all Example Sentences for overbought