Sentences with phrase «overbought readings»
The phrase "overbought readings" refers to a situation where the price of a stock or other asset has risen too much and too quickly. It suggests that the asset might be overvalued and due for a potential drop in price. Full definition
We have been urging investors to load up on the dips, as the long - term picture still looks bright for precious metals, and although we are nearing short - term overbought readings, gold will likely test the $ 1300 level soon.
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The good news for you is that the pair is flashing overbought readings.
Since then, the stock has been correcting to shed overbought readings.
As the rising trend in cryptocurrencies is reaching its latter stages, more and more coins are showing overbought readings, but there are still majors that are...
Overbought readings on these key tech assets suggest a significant pullback could be in the cards over the coming weeks / months.
As we recently pointed out, the DJIA has posted unprecedented overbought readings in longer - term time frames and we suspect that the distance from the 200 dma it recently reached was quite a rare extreme as well.
The selling commenced as the market flashed extreme overbought readings.
The short - term MACD as room to rise before reaching overbought readings, and the $ 3400 target looks reachable in the current up swing.
Bitcoin's price has reached an extremely overbought reading, with a top near $ 5900, regarding short - term momentum after this morning's surge, triggering a downgrade of our trend...
While the rest of the market is quiet, BTC is very active, and it could be in for a volatile weekend, as despite the long - term overbought readings, the short - term uptrend is clearly intact.
Perhaps it's wise, when using the RSI, to remember that, for example, though an overbought reading is given at a value of 70, there is plenty of space for the stock to move to an RSI of 100.
The coin is still in a strong uptrend, although a more complex correction is likely, and the short - term trend signal is still only neutral, even as the coin cleared the overbought readings.
The deep correction that we expected cleared the overbought readings of the prior monster rally, and sentiment is getting bearish enough for at least a tradable rally.
The coin is clearly overbought form a short - term perspective, but the long - term picture is still favorable so investors could add to their holdings when the overbought reading gets cleared.
That said, investors should hold on to their positions, while traders should wait until the overbought readings are cleared.
Therefore, the market could generate a brief correction in order to alleviate the overbought reading.
The coin already almost fully cleared the overbought readings regarding the daily chart, but we still expect a move towards the $ 235 - $ 250 zone.
Based on the Aroon Oscillator, USO has an overbought reading of +92.
The overbought readings of the MACD indicator are getting cleared, but we still expect the correction to continue in the coming week, and investors should still wait with opening new positions.
An overbought reading occurs when the close is nearer to the top band than the bottom band.
The Timing indicator oscillates between oversold and overbought readings.
Bull markets typically stay above 50 on the RSI, with 70 being an overbought reading.
The coin roughly followed our projection for the correction from June, as it worked its way through the overbought readings after the spring rally.