overbought

Adjective

Meaning

overbought (not comparable)

(finance) Of a stock or commodity market condition: where there has been significant trading bidding up prices to higher levels, levels which seem overextended or excessive on a short-term basis.

Source: en.wiktionary.org

Antonyms

oversold

Examples

However, with its 14-day RSI now rising into overbought domain, the DXY could be poised to moderate. Source: Internet

Intermediate momentum readings like the 14-week RSI too are in rising mode and not overbought. Source: Internet

Silver started June in overbought territory based on the 14-day relative strength index (RSI), but that didn’t seem to deter investors. Source: Internet

Therefore, a better than expected ISM Manufacturing PMI could take away some of the shine from gold, particularly with the precious metal in overbought territory. Source: Internet

However, with Wednesday’s jump above $8,000, the largest cryptocurrency entered overbought territory based on the GTI Global Strength Indicator. Source: Internet

S&P500 is overbought and likely to correct. Source: Internet

Close letter words and terms

overborrow overboss overbossy overbound overbounteous overbow