Overbought meaning

ōvər-bôt
Characterized by excessively high prices owing to prior heavy buying and a concomitant rise in prices.

An overbought stock market.

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A trading condition in which a stock or other financial instrument has had a quick run up in its price, making the price higher than it should be. A market with prices that are too high is said to be overbought, and the prices may decline in a correction. The opposite is oversold.
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(finance) A stock or commodity market condition where there has been significant trading bidding up prices to higher levels, levels which seem overextended or excessive on a short-term basis.
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