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Overbought and Oversold Stocks After Market Rally
Analysis of overbought and oversold stocks following a market rally, using RSI as a technical indicator.
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United States
Us PoliticsLabour MarketInvestmentStock MarketFinanceEconomicsTechnical Analysis
Take-Two Interactive SoftwareElectronic ArtsMorgan StanleyCnbc ProDayforce
Donald Trump
- What factors contributed to the recent stock market rally?
- The market's recent rally, fueled by Trump's election victory and strong earnings, has led to some stocks becoming overbought, indicating a potential for a correction.
- Which software companies are considered overbought and why?
- Several software companies, including Take-Two Interactive and Electronic Arts, are considered overbought based on their 14-day RSI, suggesting a potential pullback despite recent strong performances and positive analyst sentiment.
- List some oversold stocks and what sectors do they belong to?
- Oversold stocks identified include General Mills, Coca-Cola, Keurig Dr Pepper, AES, Qorvo, and Regeneron Pharmaceuticals, suggesting potential for price increases.
- What is the most overbought stock identified and what is its RSI?
- Dayforce is the most overbought stock identified, with an RSI of 92.4, having increased by over 33% in the past month.
- What technical indicators were used to assess the stocks' conditions?
- Technical indicators like RSI are used to identify potentially overbought or oversold stocks, which may signal upcoming price movements.