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.
|AIA Auckland International Airport Limited Ordinary Shares||6.68||-0.45%||-0.03||Buy||786.580K||7.807B||24.00||0.28||300.00||Industrials|
|EBO Ebos Group Limited Ordinary Shares||18.34||-0.33%||-0.06||Buy||46.239K||2.771B||20.95||0.88||2700.00||Consumer Non-Cyclicals|
|SAN Sanford Limited (ns) Ordinary Shares||8.29||0.48%||0.04||Buy||111.052K||772.420M||20.58||0.40||1055.00||Consumer Non-Cyclicals|
|SCL Scales Corporation Limited Ordinary Shares||4.32||0.47%||0.02||Buy||57.837K||599.652M||18.19||0.24||—||Consumer Non-Cyclicals|
|USV Us Large Value Fund (ns) Units||3.09||0.62%||0.02||Buy||3.000K||—||—||—||—||—|