10 stocks to watch for an impending rebound or pullback (10/13)
Hello mooers:
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/1642423145427701314.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/9129418339117536768.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/1290470594200351567.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/8163116818965758065.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/4962238427789859586.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/9135216035424187549.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/6007246435728692342.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/6103211166419643840.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/480386160723713255.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/6205468918495474130.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (10/13)](https://ussnsimg.moomoo.com/8478230847114389788.png/bigmoo)
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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