10 stocks to watch for an impending rebound or pullback (Week of 10/25)
Hello mooers:
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
Performance Tracking of Previous Column (10/08)
There are 4 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
There are 4 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
Apparently, there is no negative indicator that can predict the price drop of Tesla. The share price of the company rose to a new high in expectation of the company posting surprising earnings.
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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HoSeyLiao48 :
TBIYTB : what is kdj?
NoobLiz : Good analysis
C M D s : nice
cyber gamer : mannnn
70675561 : Is Walgreens closing more stores
102954100 : Good analysis, keep it up. ALIGN rebound from bottom yesterday