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Oversold and Overbought Large-Cap Stocks: Weekly Update

Stocks that move too far too fast in one direction have a slight tendency to experience short-term price reversals. The following tables list S&P-100 stocks that are oversold or overbought as measured by the 14-day Relative Strength Index (RSI). Stocks with RSI above 70 are considered overbought and more likely to experience a short-term price decline, while stocks with RSI below 30 are considered oversold and more likely to rebound in the short term. Here are this week's lists of low-RSI and high-RSI stocks:

Oversold Stocks as of 10/11/2019

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
BIIB - Biogen Inc223.21 229.96257.79 27%
CVX - Chevron Corp116.15 118.69119.79 29%
LLY - Eli Lilly & Company108.36 111.38116.38 28%
OXY - Occidental Petro Cp41.12 44.6455.76 10%
SLB - Schlumberger Ltd32.48 34.2239.55 23%

Note: RSI = Wilder's Relative Strength Index. Oversold = (RSI < 30).

Overbought Stocks as of 10/11/2019

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
AAPL - Apple Inc236.21 213.93192.59 72%
NKE - Nike Inc Cl B93.88 86.3884.39 70%
PM - Philip Morris International77.95 77.1480.43 73%

Notes:

Note: RSI = Wilder's Relative Strength Index. Overbought = (RSI > 70).

Bar Chart of Relative Strength Index (RSI) values for S&P 100 stocks