adjective
Internet Slang
oversold
OH-ver-SOHLD · adjective · informal
An asset that has fallen so fast it may be due to bounce.
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Definitions
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An asset is oversold when it has dropped sharply and, by indicators like RSI below 30, may be overextended to the downside and due for a bounce. It suggests selling pressure has been excessive.
“With RSI under 25 the stock looks oversold and ripe for a rebound.”
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oversold In A Sentence
With RSI under 25 the stock looks oversold and ripe for a rebound.
Origin & Usage
Technical-analysis term; the asset has been 'sold' beyond a sustainable level.
People Also Ask
What does oversold mean?
It describes an asset that has fallen so fast that indicators, like an RSI below 30, suggest selling pressure has been excessive and a bounce may be coming.
What is the opposite of oversold?
Overbought, which is when an asset has risen too fast and may be due for a pullback.
Does oversold mean it's a good time to buy?
It hints that a rebound is possible, but oversold assets can keep falling, so it's a signal rather than a guarantee.
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