$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ 1000

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).
Starting this week, this column would change from updating daily to weekly, since movements of stock prices often take a few days before they follow the suggested pattern. We would be tracking the performance of previously selected stocks from now on.
Performance Tracking of Previous Column (10/08)
There are 8 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
OverBought
$ConocoPhillips (COP.US)$
$Diamondback Energy (FANG.US)$
$CF Industries Holdings (CF.US)$
$Pioneer Natural Resources (PXD.US)$
$The Mosaic (MOS.US)$
Oversold
$Incyte (INCY.US)$
$ResMed (RMD.US)$
$Waters (WAT.US)$
$Universal Health Services (UHS.US)$
$Regeneron Pharmaceuticals (REGN.US)$
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

$Starbucks (SBUX.US)$'s coffee made my day this morning as usual. Coffee beans could get more expensive due to a drought in Brazil and other major coffee origins, but I believe Starbucks can handle that because of its long-term relationships with coffee bean providers. If there really is a shock to the industry, Starbucks will be the only badass.
$Dutch Bros (BROS.US)$ went IPO last month and people call it the next Starbucks. I disagree. Starbucks is more than 10 times larger than Dutch Bros. Also, I think coffee can never be replaced by $Coca-Cola (KO.US)$ or $PepsiCo (PEP.US)$'s coke or $Boston Beer (SAM.US)$'s beer...they are just different. After all, who drinks beer every day right? But coffee maniacs will always stick to coffee. Thus, I think Starbucks is the best beverage stock!
Pick out your favorite beverage stocks if you disagree and tell me why!
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$SGX (S68.SG)$ Huat Huat ah!!