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What is meant by Oversold Stocks?

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  1. #1
    Unregistered Guest

    What is meant by Oversold Stocks?

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    I am new to stock market can anyone tell me What is meant by Oversold Stocks?

  2. #2
    TradersCockpit
    TradersCockpit is offline Just in!
    In Technical terms it is a function of RSI indicator, it specifies that stock may give a technical rebound very soon. Normally when RSI is less than 30 , many traders feel it is oversold, but it should be used in combinaton with other indicators.

  3. #3
    commoditytipsfree
    commoditytipsfree is offline Just in!
    In simple terms, Overbought means that people have been buying and buying and buying (perhaps because it was once a low price), to the point where the increased demand has pushed the price up, so much that the price is now quite high (perhaps a bit too high).

  4. #4
    priya0710
    priya0710 is offline eTI Iron
    When large number of people keep on buying a particular stock then seeing its high demand its price gets increased. Those stocks which people are buying in large number are called over sold stocks.

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