South Africa Stock Market
Overvalued stocks — South Africa Stock Market
Stocks that have significantly increased in price due to 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.
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ABSP
ABSA BANK LTD PREF
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77000.00 | 0.00% | 0.00 | Buy | 5.626K | 3.808B | 46.14 | 16.69 | 30627.00 | Financials |
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ANG
ANGLOGOLD ASHANTI LTD
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26724.00 | 1.88% | 492.00 | Buy | 3.077M | 110.820B | 60.76 | 4.43 | 44249.00 | Basic Materials |
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CLR
CLOVER INDUSTRIES LTD
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2350.00 | 11.90% | 250.00 | Strong Buy | 748.493K | 4.510B | — | -0.20 | 8044.00 | Consumer Non-Cyclicals |
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GSH
GRINDROD SHIPPING HLDG LTD
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8637.00 | 3.44% | 287.00 | Buy | 4.079K | 1.743B | — | -15.94 | 759.00 | Industrials |
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HAR
HARMONY GM CO LTD
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3437.00 | 0.41% | 14.00 | Buy | 3.207M | 18.555B | — | -11.77 | 34031.00 | Basic Materials |
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PEM
PEMBURY LIFESTYLE GRP LT
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21.00 | 110.00% | 11.00 | Buy | 3.150M | 85.320M | — | -0.10 | — | Industrials |
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PFG
PIONEER FOODS GROUP LTD
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10250.00 | 32.09% | 2490.00 | Strong Buy | 10.190M | 20.055B | 20.83 | 4.92 | 8531.00 | Consumer Non-Cyclicals |
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SAC
SA CORP REAL ESTATE LTD
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343.00 | -0.58% | -2.00 | Buy | 2.002M | 8.680B | 10.24 | 0.34 | 0.00 | Financials |
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SGL
SIBANYE GOLD LIMITED
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1809.00 | 3.31% | 58.00 | Buy | 14.784M | 48.301B | — | -1.10 | 52631.00 | Basic Materials |
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WHL
WOOLWORTHS HOLDINGS LTD
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5358.00 | 0.43% | 23.00 | Buy | 5.519M | 55.938B | 16.12 | 3.34 | 46099.00 | Consumer Cyclicals |
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ZED
ZEDER INV LTD
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489.00 | 23.17% | 92.00 | Strong Buy | 8.244M | 8.322B | 93.86 | 0.05 | — | Financials |
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