Emirati Stock Market
Overvalued stocks
Stocks that have significantly increased in price due 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.
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AGLTY
AGILITY PUBLIC WAR
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9.03 | 0.00% | 0.00 | Buy | 0 | 14.218B | 15.41 | 0.64 | 5005.00 | Industrials |
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ALFIRDOUS
AL FIRDOUS HOLDING
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0.70 | 0.00% | 0.00 | Neutral | 0 | 419.954M | — | -0.01 | 3.00 | Consumer Cyclicals |
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ASCANA
ARABIAN SCANDINAVI
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2.70 | 0.00% | 0.00 | Buy | 0 | 415.800M | 27.92 | 0.10 | — | Financials |
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DIN
DUBAI INSURANCE CO
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3.60 | 0.00% | 0.00 | Buy | 0 | 360.000M | 9.08 | 0.40 | — | Financials |
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EIB
EMIRATES ISLAM BK
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10.00 | 0.00% | 0.00 | Buy | 0 | 54.304B | 67.84 | 0.15 | 1045.00 | Financials |
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GULFA
GULFA MINERAL WATE
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2.92 | 0.00% | 0.00 | Buy | 0 | 87.600M | — | -0.42 | 111.00 | Consumer Non-Cyclicals |
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MAZAYA
AL MAZAYA HOLDING
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2.00 | 0.00% | 0.00 | Buy | 0 | 556.775M | 7.77 | 0.12 | 94.00 | Financials |
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NGI
NATIONAL GENL INS
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2.00 | 0.00% | 0.00 | Buy | 0 | 299.908M | 7.90 | 0.25 | 371.00 | Financials |
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NIH
NATL INTERNATIONAL
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0.85 | 0.00% | 0.00 | Sell | 0 | 145.364M | 8.02 | 0.09 | — | Financials |
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ORIENT
ARAB ORIENT INS
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66.30 | 0.00% | 0.00 | Sell | 0 | 0 | — | 74.78 | 1.00 | Financials |
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OUTFL
ORIENT UNB TAKAFUL
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100.00 | 0.00% | 0.00 | Neutral | 0 | 200.000M | — | -6.18 | — | Financials |
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UFC
UNITED FOODS COMPA
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5.15 | 0.00% | 0.00 | Sell | 0 | 155.787M | 9.33 | 0.55 | 415.00 | Consumer Non-Cyclicals |
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UNIKAI
UNIKAI FOODS
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8.44 | 0.00% | 0.00 | Sell | 0 | 273.187M | — | -0.32 | 1582.00 | Consumer Non-Cyclicals |
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