10 stocks to watch for an impending rebound or pullback (Week of 10/25)
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 (Week of 10/25)](https://ussnsimg.moomoo.com/3670397172611599469.png/bigmoo)
Performance Tracking of Previous Column (10/08)
There are 4 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
There are 4 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/6232302606084453129.png/bigmoo)
Apparently, there is no negative indicator that can predict the price drop of Tesla. The share price of the company rose to a new high in expectation of the company posting surprising earnings.
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/1761604184247796939.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/8000334796223536666.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/546888236170491054.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/9178833445198150009.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/6798444505540355339.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/5325299619943396727.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/3631498307207599028.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/5727113102870440396.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/5562626941080856633.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 10/25)](https://ussnsimg.moomoo.com/3298342950579273752.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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HoSeyLiao48 :![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
TBIYTB : what is kdj?
NoobLiz : Good analysis
C M D s : nice
cyber gamer : mannnn
70675561 : Is Walgreens closing more stores
102954100 : Good analysis, keep it up. ALIGN rebound from bottom yesterday