OVERSOLD

Etymology

Adjective

oversold (not comparable)

(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.

Usage notes

The term can be applied subjectively, or in technical analysis there are various different indicators which technical analysts may use for (more or less) objective identification of oversold conditions.

Antonyms

• overbought

Source: Wiktionary


OVERSELL

O`ver*sell`, v. t. [imp. & p. p. Oversold; p. pr. & vb. n. Overselling. ]

1. To sell for a higher price than; to exceed in selling price. One whose beauty Would oversell all Italy. Beau. & Fl.

2. To sell beyond means of delivery. [Brokers'Cant] Oversold market (Brokers' Cant), a market in which stocks or commodities have been sold "short" to such an extent that it is difficult to obtain them for delivery.

Source: Webster’s Unabridged Dictionary 1913 Edition



RESET



Word of the Day

22 November 2024

SHEET

(noun) (nautical) a line (rope or chain) that regulates the angle at which a sail is set in relation to the wind


coffee icon

Coffee Trivia

Raw coffee beans, soaked in water and spices, are chewed like candy in many parts of Africa.

coffee icon