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.
ADMCM
ADMICOM OYJ
|
29.99 | 3.06% | 0.89 | Buy | 5.607K | 140.774M | 40.51 | 0.72 | — | Technology |
CAPMAN
CAPMAN PLC
|
1.76 | 0.46% | 0.01 | Buy | 82.865K | 258.690M | 32.79 | 0.05 | 120.00 | Financials |
FSKRS
FISKARS CORPORATION
|
19.24 | 0.31% | 0.06 | Buy | 23.790K | 1.565B | 19.18 | 1.00 | 7761.00 | Consumer Cyclicals |
HUH1V
HUHTAMAKI OYJ
|
32.16 | -2.60% | -0.86 | Buy | 294.722K | 3.445B | 21.99 | 1.50 | 18098.00 | Basic Materials |
ICP1V
INCAP CORPORATION
|
9.00 | -0.44% | -0.04 | Buy | 3.260K | 39.461M | 6.75 | 1.34 | 570.00 | Industrials |
KEMIRA
KEMIRA OYJ
|
11.80 | 1.37% | 0.16 | Strong Buy | 253.003K | 1.775B | 19.83 | 0.58 | 4798.00 | Basic Materials |
KOJAMO
KOJAMO PLC
|
9.63 | -0.02% | -0.00 | Buy | 29.561K | 2.210B | 9.93 | 0.97 | 298.00 | Financials |
METSO
METSO CORPORATION
|
28.85 | 0.45% | 0.13 | Buy | 560.102K | 4.308B | 18.74 | 1.53 | 12772.00 | Industrials |
SAMPO
SAMPO PLC A
|
42.50 | 0.02% | 0.01 | Strong Buy | 1.031M | 23.597B | 13.99 | 3.04 | 9531.00 | Financials |
UUTEC
PLC UUTECHNIC GROUP OYJ
|
0.41 | 1.25% | 0.01 | Buy | 22.600K | 22.601M | 23.71 | 0.02 | 130.00 | Industrials |