New Zealand Stock Market
Overvalued stocks — New Zealand Stock Market
Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
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A
ABA
ABANO HEALTHCARE G NPV
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5.03 | 0.20% | 0.01 | Buy | 39.543K | 131.937M | — | -1.85 | — | Health Services |
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A
AIR
AIR NEW ZEALAND NPV
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1.86 | 2.76% | 0.05 | Buy | 1.031M | 2.032B | — | -0.40 | 9988.00 | Transportation |
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B
BGP
BRISCOE GROUP NPV
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4.45 | 1.37% | 0.06 | Buy | 20.850K | 976.626M | 15.77 | 0.28 | — | Retail Trade |
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E
EVO
EVOLVE EDUCATION G NPV
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0.17 | -2.30% | -0.00 | Buy | 922.323K | 194.636M | — | -0.01 | — | Consumer Services |
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F
FBU
FLETCHER BUILDING NPV
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5.73 | -1.38% | -0.08 | Buy | 694.669K | 4.789B | — | -0.24 | 10250.00 | Non-Energy Minerals |
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H
HLG
HALLENSTEIN GLASSN NPV
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6.90 | -1.29% | -0.09 | Buy | 42.593K | 416.947M | 15.00 | 0.47 | — | Retail Trade |
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I
IFT
INFRATIL LTD NPV
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5.79 | -0.17% | -0.01 | Buy | 454.414K | 4.193B | 18.12 | 0.32 | 3760.00 | Utilities |
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M
MCK
MILLENNIUM & COPTH NPV
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2.29 | -4.58% | -0.11 | Buy | 33.445K | 379.724M | 6.33 | 0.38 | — | Consumer Services |
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S
SPY
SMARTPAY HOLDINGS NPV
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0.74 | 2.78% | 0.02 | Buy | 48.873K | 150.816M | — | -0.07 | 169.00 | Communications |
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S
STU
STEEL & TUBE HLDGS NPV
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0.74 | 4.23% | 0.03 | Buy | 305.439K | 117.150M | — | -0.36 | 916.00 | Non-Energy Minerals |
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T
TLL
TIL LOGISTICS GROU NPV
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1.03 | -3.74% | -0.04 | Strong Buy | 6.113K | 93.823M | 46.52 | 0.02 | — | Consumer Services |
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T
TRA
TURNERS AUTOMOTIVE NPV
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2.89 | 1.40% | 0.04 | Buy | 43.958K | 243.831M | 10.30 | 0.28 | — | Finance |
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