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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AFE
AECI LIMITED
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10600.00 | 0.12% | 13.00 | Buy | 296.616K | 12.711B | 12.85 | 8.47 | 8038.00 | Basic Materials |
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ARL
ASTRAL FOODS LTD
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20500.00 | 0.73% | 149.00 | Buy | 250.931K | 7.903B | 12.27 | 16.59 | 6694.00 | Consumer Non-Cyclicals |
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OMN
OMNIA HOLDINGS LTD
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3556.00 | -0.11% | -4.00 | Buy | 383.558K | 6.018B | — | -2.89 | 4755.00 | Basic Materials |
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RBX
RAUBEX GROUP LTD
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2312.00 | 0.52% | 12.00 | Buy | 1.110M | 4.162B | 37.98 | 0.61 | 7321.00 | Industrials |
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SEA
SPEAR REIT LIMITED
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965.00 | 1.58% | 15.00 | Buy | 70.253K | 1.943B | 9.05 | 1.05 | — | Financials |
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SRE
SIRIUS REAL ESTATE LTD
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1593.00 | 3.11% | 48.00 | Buy | 1.005M | 16.008B | 7.76 | 2.01 | 241.00 | Financials |
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STP
STENPROP LIMITED
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2300.00 | 4.55% | 100.00 | Buy | 9.820K | 6.225B | 13.38 | 1.68 | 23.00 | Financials |
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VKE
VUKILE PROPERTY FUND LTD
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2114.00 | 1.54% | 32.00 | Buy | 2.549M | 19.909B | 11.29 | 1.84 | — | Financials |
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