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.

           
AIA AUCKLAND INTL NPV
9.560.84%0.08Buy851.155K11.538B18.180.53300.00Industrials
DGL DELEGAT GROUP LTD NPV
11.800.43%0.05Buy5.050K1.193B22.640.52200.00Consumer Non-Cyclicals
IPL INVESTORE PROP LTD NPV
1.871.63%0.03Strong Buy233.245K486.342M12.640.15Financials
KPG KIWI PROPERTY GRP NPV
1.631.24%0.02Buy3.069M2.335B16.870.10Financials
MCY MERCURY NZ LTD NPV
4.341.88%0.08Strong Buy451.716K6.076B28.950.15891.00Utilities
MEL MERIDIAN ENERGY LT NPV
4.730.00%0.00Strong Buy1.588M12.123B49.880.09940.00Utilities
MFT MAINFREIGHT LTD NPV
40.931.09%0.44Strong Buy49.543K4.122B29.211.407573.00Industrials
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