Overvalued stocks — New Zealand 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.

           
CDI CDL INVESTMENTS NPV
0.870.58%0.01Buy545235.887M10.170.083633.00Financials
ERD EROAD LIMITED NPV
3.200.00%0.00Buy15.900K216.444M-0.07250.00Technology
EVO EVOLVE EDUCATION G NPV
0.1614.29%0.02Buy3.293M133.370M-0.15Industrials
FCG FONTERRA CO-OP GRP NPV
4.051.25%0.05Strong Buy225.355K6.480B-0.3520000.00Consumer Non-Cyclicals
KMD KATHMANDU HOLDINGS NPV
3.200.95%0.03Buy80.348K889.953M12.850.251144.00Consumer Cyclicals
MHJ MICHAEL HILL INTL NPV (NEW)
0.740.00%0.00Buy13.788K297.437M16.480.052600.00Consumer Cyclicals
MMH MARSDEN MARITIME H NPV
6.081.00%0.06Buy2.651K251.108M0.00Industrials
NPH NAPIER PORT HOLDIN NPV
3.371.81%0.06Buy192.468K
SAN SANFORD NPV
7.23-0.28%-0.02Strong Buy66.066K668.569M17.680.401705.00Consumer Non-Cyclicals
SPN SOUTH PORT NZ NPV
7.900.00%0.00Strong Buy4.215K207.256M21.170.37100.00Industrials
STU STEEL & TUBE HLDGS NPV
0.93-1.06%-0.01Buy161.481K148.452M-0.331015.00Basic Materials
WHS WAREHOUSE GROUP NPV
2.651.15%0.03Buy96.303K890.838M13.230.209032.00Consumer Cyclicals
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