Stocks that have significantly increased in value due to a large volume of demand are called overbought. This is often the case when there are many more buyers than sellers, whose actions to gain exposure to the asset — come what may — push the price up so high that it can no longer be justified by the company's underlying financials. Another common scenario that causes stocks to become overbought is when a business buys back its own stocks. Just be careful when buying overvalued stocks, as there could be a retracement.
RSI (14) 1D
Change % 1D
Technical Rating 1D
Volume * Price 1D
|FCGFONTERRA CO-OP GRP NPV||80.56||3.08 NZD||0.98%||0.03 NZD|
|64.551K||198.817K NZD||4.909B NZD||8.43||0.36 NZD||5.146K||Consumer Non-Durables|