The most overbought and oversold equities around the world
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
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Overbought and Oversold Equities: Singapore equities are currently the most overbought globally, up 21% from their 200-day moving average, followed by China and U.S. equities with increases of 12.4% and 11.4%, respectively. Conversely, Korea and Mexico equities are the most oversold, down 15.8% and 15.3% from their 200-day moving averages.
Market Insights: The report includes a comprehensive list of global equities categorized by their deviations from the 200-day moving average, highlighting significant trends in various markets such as Canada, Taiwan, and South Africa for overbought equities, while countries like Portugal, France, and Turkey show notable declines.
Analyst Views on EWS
Wall Street analysts forecast EWS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.900
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Current: 27.900
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
