Overbought
Technical analysisA condition where an oscillator such as RSI reads above a high threshold, typically 70.
In plain terms
The most misunderstood word in trading. In a strong trend RSI can stay above 70 for months.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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RSI
Technical analysisRelative Strength Index — an oscillator measuring the ratio of average gains to average losses over N periods.
In plain terms
Measures how one-sided recent moves have been. Overbought means strong, not doomed.