What does oversold mean?

Looking for the meaning or definition of the word oversold? Here's what it means.

Adjective (finance) In a stock or commodity market condition where there has been significant trading driving prices down to lower levels, levels which seem overextended or excessive on a short-term basis. Find more words! 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The technical sell-off of that oversold market had started four or five months earlier, when the markets were clearly in an overbought condition. On the other hand, the market in which he'd made a career was desperately oversold. When the RSI value sinks below the 30 value, the issue is thought to be oversold. The display is formatted so it better shows the overbought and oversold situations of this issue. First off, the 20-day price channels on top of the price action allow you to follow the overbought and oversold positions of this chart. See Also What is another word for oversold? What is the opposite of oversold? Sentences with the word oversold Words that rhyme with oversold Nearby Definitions oversolar oversoftly oversoftens oversoftening oversoftened oversoften oversolicitous oversoon oversophisticated oversophistication oversorrow oversorrowed 8-letter Words Starting With o ov ove over overs overso oversol