Overbought

From Reuters Financial Glossary

When prices have risen more than they should according to fundamental factors. This could mean the market is liable to a downward correction. In technical analysis, an instrument is overbought when it registers more than 75 per cent on its RSI. The opposite of oversold. In technical analysis, an instrument is overbought when it registers more than 75 per cent on its RSI. The opposite of oversold.

See also: Analysis