Wednesday, February 09, 2022 10:28:28 PM
An oversold stock has a current price the viewer thinks is lower than the inherent value of the stock. That means they expect the price of the stock to go up at some point in the future. This is different from the market price being incorrect.
What does it mean when stock is overbought?
Overbought is a term used when a security is believed to be trading at a level above its intrinsic or fair value. ... This belief is often the result of technical analysis of the security's price history, but fundamentals may also be employed. A stock that is overbought may be a good candidate for sale.
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