overbought

American  

[oh-ver-bawt] / ˈoʊ vərˈbɔt /

adjective

1. marked by prices considered unjustifiably high because of extensive buying.

   The stock market is overbought now.

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verb

1. simple past tense and past participle of overbuy.

Etymology

Origin of overbought

First recorded in 1955–60; over- + bought

Compare meaning

How does overbought compare to similar and commonly confused words? Explore the most common comparisons:

• overbought vs. oversold

Example Sentences

See also: Crude-oil futures haven’t been this overbought since 1990.

From MarketWatch

With that rally, the widely followed Relative Strength Index, a momentum indicator introduced in the late 1970s that measures the magnitude of gains over a specific time period against the magnitude of losses, is now suggesting crude futures are wildly overbought.

From MarketWatch

Many chart watchers view a rise above 70 as indicating an overbought condition.

From MarketWatch

Keep in mind that the term overbought can be a misnomer.

From MarketWatch

There’s also a technical school of thought that “overbought” is more of an ability than a condition, meaning that the ability to become overbought is a sign of underlying strength.

From MarketWatch