With the recent amazing rally many ETFs are vastly overvalued. We computed the RSI numbers for all 770+ ETFs in the U.S. to determine the most overvalued ETFs in several timeframes.
Most Overvalued ETFs (short term, sorted by daily RSI):
Most Overvalued ETFs (medium term, sorted by weekly RSI):
Most Overvalued ETFs (long term, sorted by monthly RSI):
Most Overvalued ETFs (overall, sorted by average RSI):
We can see that most ETFs are mostly overvalued on the longer timeframes monthly the most, then weekly). The average RSIs of the top overbought ETFs per periods above are:
On the longer timeframes these ETFs are immensely overbought. Buyers should really beware.
Note: You can receive real-time but-sell alerts of these stocks sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).
Please do your own due dilligence.