10 stocks to watch for an impending rebound or pullback (Week of 11/01)
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 11/01)](https://ussnsimg.moomoo.com/7907288264439525345.png/bigmoo)
Performance Tracking of Previous Column (10/25)
There are 7 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
There are 7 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/8346535350873160450.png/bigmoo)
$Brown & Brown(BRO.US$ , $Northrop Grumman(NOC.US$ , $SVB Financial(SIVB.US$ $Align Technology(ALGN.US$ are the outstanding stock picks of last week.
Overbought
$Tesla(TSLA.US$
Overbought
$Tesla(TSLA.US$
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/2587630896935139097.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/214416957502054362.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/6272635547865117517.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/1021043107984831030.png/bigmoo)
![10 stocks to watch for an impending rebound or pullback (Week of 11/01)](https://ussnsimg.moomoo.com/3537102471129192315.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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102954100 : thanks and keep it up