News Formal

Here are the most overbought and oversold stocks on Wall Street right now

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The 'relative strength index' is one yardstick investors can use to figure out which stocks in the S&P 500 are undervalued or overvalued.

Some of the most overbought and oversold stocks on Wall Street right now include Bank of America and a water treatment company. One yardstick that investors like to use to separate the most overvalued and undervalued stocks is called the "relative strength index," which measures the speed and size of a security's recent price changes . This can potentially signal to investors when to buy and sell a stock.

" Still, Ecolab has a buy rating from only about 30% of analysts covering the stock, according to FactSet. It has about 4% upside to its average price target. First Solar also made this list. The solar panel maker has a 14-day RSI of roughly 74, while about half of analysts covering the company recommend the stock. The consensus price target is roughly where the stock sits today, according to consensus estimates on FactSet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Okta stock surges as Wall Street thinks software company is 'partially out of the woods'Okta shares rallied Thursday as Wall Street greeted the identity-management software company's forecast of profitability for the year with cautious optimism.
Source: MarketWatch - 🏆 3. / 97 Read more »

Dell stock climbs on Wall Street beat; company announces CFO changeDell Inc. on Thursday reported fourth-quarter and full-year results that beat Wall Street expectations, giving a boost to its stock in extended trading. Dell...
Source: MarketWatch - 🏆 3. / 97 Read more »