https://www.marketindex.com.au/news/the-10-most-overbought-and-ov...

https://www.marketindex.com.au/news/the-10-most-overbought-and-oversold-asx-200-stocks-week-18

Gold miners, takeover candidates and quarterly reporting season winners have topped the overbought list while media and real estate stocks continue to trade in oversold territory last week.

The 14-day Relative Strength Index is a momentum indicator that measures the magnitude and speed of recent price changes to assess whether or not a stock is overbought or oversold.

An RSI of 70 or above is considered to be overbought, which means the stock is rising too quickly and likely to experience a pullback. Meanwhile, an RSI of 30 or below is considered to be oversold, which means the stock is falling too quickly and is likely to experience a rebound.

Based on this indicator, CSR (set to be acquired by France's Saint-Gobain at $9.00 cash per share) remains the most overbought stock on the ASX 200 with an RSI of 76.



Telix Pharmaceuticals demonstrates the impact a robust earnings update can have on a stock.