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10 stocks to watch for an impending rebound or pullback (Week of 10/25)

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Technical DNA wrote a column · Oct 24, 2021 21:59
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)
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.
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
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.
Two stocks have rebounded over 5% among the oversold list: REGN and CCI.
OverBought
$Tesla (TSLA.US)$
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
10 stocks to watch for an impending rebound or pullback (Week of 10/25)

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. Read more
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