economy
January 24, 2026
Newmont tops the list of most overbought stocks on Wall Street after gold rally
Newmont, Sandisk and AMD are among the S&P 500's most overbought stocks this week as measured by their 14-day relative strength index, or RSI.
TL;DR
- The S&P 500 closed the week in the red despite mid-week gains.
- Several stocks are identified as overbought with a 14-day RSI above 70.
- Newmont, a gold mining company, topped the list with an RSI of 82.3.
- Sandisk and Micron, involved in AI memory products, are also overbought.
- Advanced Micro Devices (AMD), a chipmaker and AI play, is considered overbought with an RSI of 76.9.
- Netflix is identified as oversold with an RSI of 26 after reporting mixed fourth-quarter earnings.
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