UXIN Stock Soars, But Is It Time To Sell?
UXIN Stock Soars, But Is It Time To Sell?
Shares of investment holding company Uxin Limited (NASDAQ:UXIN) were up over 45% Wednesday, but it may be time to sell as the stock is extremely overbought.
Overbought refers to a stock’s momentum. This is a measurement of how far the price has moved in a given period. If it reaches an extreme to the upside, it's considered to be overbought.
On the following chart, the lower part is the Relative Strength Index momentum indicator. The last time it showed the conditions to be as overbought as they are now was on April 1. On that day, UXIN closed at $1.97. Within two weeks the price dropped to $1.25.
Of course, there is no guarantee that the price will go lower like the last time, but there is a good chance that it happens again.
Shares of investment holding company Uxin Limited (NASDAQ:UXIN) were up over 45% Wednesday, but it may be time to sell as the stock is extremely overbought.
投資控股公司的股份優信有限公司(納斯達克股票代碼：UXIN)週三上漲超過45%，但現在可能是賣出的時候了，因為該股已嚴重超買。
Overbought refers to a stock’s momentum. This is a measurement of how far the price has moved in a given period. If it reaches an extreme to the upside, it's considered to be overbought.
超買指的是一隻股票的動能。這是對價格在給定時期內變動幅度的衡量。如果達到上行的極端，則被認為是超買。
On the following chart, the lower part is the Relative Strength Index momentum indicator. The last time it showed the conditions to be as overbought as they are now was on April 1. On that day, UXIN closed at $1.97. Within two weeks the price dropped to $1.25.
下圖下部為相對強弱指標動能指標。優信上一次顯示目前的超買狀態是在4月1日。當天，優信的收盤價為1.97美元。不到兩週，價格就跌到了1.25美元。
Of course, there is no guarantee that the price will go lower like the last time, but there is a good chance that it happens again.
當然，不能保證價格會像上次那樣走低，但這種情況再次發生的可能性很大。
譯文內容由第三人軟體翻譯。
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