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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 12/23/2022

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
AAPL - Apple Inc131.86 144.13152.13 26%
AMGN - Amgen Inc263.92 274.09250.43 17%
BAC - Bank Of America Corp32.47 35.1835.25 29%
BMY - Bristol-Myers Squibb Co72.89 76.6174.49 12%
COST - Costco Wholesale Corp462.65 493.88510.13 27%
CVS - CVS Health Corporation93.56 97.3398.43 23%
DIS - Walt Disney Company88.01 96.13107.39 28%
F - Ford Motor Co11.36 13.1413.79 23%
GM - General Motors Company33.83 37.8837.63 21%
GOOG - Alphabet Inc89.81 95.20110.95 26%
GOOGL - Alphabet Inc Class A89.23 94.87110.42 26%
GS - Goldman Sachs Group Inc345.51 356.77328.22 28%
INTC - Intel Corp26.09 28.1736.19 21%
PYPL - PayPal Holdings Inc69.03 79.4187.50 30%
TGT - Target Corporation143.15 158.13173.48 23%
TSLA - Tesla Inc123.15 187.79255.10 9%
TXN - Texas Instruments Inc164.38 168.30168.58 28%
WBA - Walgreens Boots Alliance Inc.38.63 38.5339.82 28%
WFC - Wells Fargo & Company40.98 44.9344.29 27%
WMT - Walmart Inc143.77 144.43137.85 29%

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

Overbought Stocks as of 12/23/2022

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
ALL - Allstate Corporation136.37 130.19128.93 77%
SO - Southern Company71.74 66.6571.85 72%

Notes:

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

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