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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.

           
AGL ACCORDANT GRP LTD NPV
1.67-1.18%-0.02Buy9.331K57.916M9.360.18Commercial Services
CGF COOKS GLOBAL FOODS NPV
0.050.00%0.00Buy77.028K30.764M-0.01Consumer Non-Durables
DGC DGL GROUP LTD NPV
1.290.00%0.00Sell45.111KIndustrial Services
ENS ENPRISE GROUP(NZ) NPV (NZX LISTING)
2.604.00%0.10Strong Buy16.936K36.355MTechnology Services
ERD EROAD LIMITED NPV
6.051.85%0.11Strong Buy143.977K477.456M220.000.03147.00Producer Manufacturing
OCA OCEANIA HEALTHCARE NPV
1.520.00%0.00Buy1.270M1.046B-0.012773.00Health Services
SPG STRIDE PPTY LTD & NPV UNITS
2.43-0.41%-0.01Buy1.178M1.140B7.420.33Finance
TRA TURNERS AUTOMOTIVE NPV
4.460.00%0.00Buy90.097K383.869M14.200.31Finance
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