Stocks that have significantly increased in price due a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
|ADMCM ADMICOM OYJ||20.50||-0.49%||-0.10||Buy||236||99.706M||40.05||0.51||—||Technology|
|AMEAS AMER SPORTS CORPORATION||35.53||0.91%||0.32||Buy||303.320K||4.057B||44.37||0.80||9305.00||Consumer Cyclicals|
|ASPO ASPO PLC||10.20||0.00%||0.00||Strong Buy||4.932K||317.422M||14.01||0.73||905.00||Basic Materials|
|SIEVI SIEVI CAPITAL PLC||3.00||0.67%||0.02||Buy||5.126K||172.141M||13.47||0.22||3.00||Financials|
|SSABAH SSAB AB SER. A||4.34||1.64%||0.07||Buy||29.418K||4.379B||15.76||0.27||14843.00||Basic Materials|
|SSABBH SSAB AB SER. B||3.48||1.64%||0.06||Buy||194.376K||4.379B||15.76||0.27||14843.00||Basic Materials|
|TPS1V TECHNOPOLIS PLC||4.66||0.22%||0.01||Buy||366.191K||729.656M||9.07||0.51||227.00||Financials|