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Nvidia is one of the most overbought stocks on Wall Street. Here are the rest

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CNBC Pro subscribers can see the most overbought and oversold names this week.

Nvidia was one of the most overbought names on Wall Street this week as the artificial intelligence darling crossed the $3 trillion market cap threshold. The stock was the ninth most overbought equity this week, registering a 14-day relative strength index reading above 74. The RSI, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold.

Costco clocked the highest RSI, topping 80 as shares rallied about 4% over the week. The stock is now up by more than 28% on the year. But Wall Street isn't sure these strong performances can hold up. While both Costco and Nvidia have buy ratings from the typical analyst, the average price target implies the former slipping more than 1% and the latter shedding just over 2% in the next 12 months, per FactSet.

 

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