The inventory market has been on a tear not too long ago, however some shares could have gotten forward of themselves. The S & P 500 hit a contemporary intraday report on Friday, constructing on what was a stellar February for Wall Avenue. Final month, the benchmark rallied 5.2% — its fourth straight month-to-month achieve. The Nasdaq Composite on Thursday posted its first all-time closing excessive since late 2021, capping off a month-to-month achieve of 6.1%. However some shares on Wall Avenue could also be getting forward of themselves, whereas others than have been below stress may reverse course. Utilizing our inventory screener device, CNBC Professional looked for probably the most overbought and oversold shares on Wall Avenue, measured by their 14-day relative energy index (RSI). Shares with a 14-day RSI above 70 are considered overbought, indicating that shares may quickly expertise a downturn. A studying under 30, nevertheless, may sign a inventory is oversold and may very well be on monitor for a rebound. Normal Electrical made the lower with an RSI of 88.3. GE hit a contemporary 52-week excessive on Friday, constructing on a robust February that noticed shares climb practically 18%. 12 months so far, it is up surged greater than 24%. It has additionally climbed greater than 3% week so far. The inventory has surged not too long ago as buyers anticipate the deliberate spinoff of its energy and vitality enterprise, GE Vernova, on April 2. Normal Electrical will function as GE Aerospace after the spinoff is full. Shares of renewable vitality agency Constellation Vitality are additionally among the many most overbought shares on Wall Avenue, with a 14-day RSI of 85.6. This week, the inventory has rallied greater than 25% after the corporate elevated its dividend and share repurchase program. Constellation additionally issued robust full-year earnings steering. Constellation has climbed practically 42% from the beginning of the yr, and hit a 52-week excessive of $171.31 on Thursday. CEG YTD mountain Constellation Vitality. Different overbought names embrace Wells Fargo and Axon Enterprise . There are additionally some names which have fallen too far, too quick. This is a take a look at probably the most oversold names on Wall Avenue. Amongst oversold names on Wall Avenue, medical machine firm Insulet is close to the highest of the checklist. Shares have slipped greater than 22% from the beginning of the yr, together with an 8% drop this week. The inventory has a 14-day RSI studying of 25.1. PODD YTD mountain Insulet inventory. Shares have suffered partially as a consequence of a lower-than-expected income development outlook for the primary quarter. Insulet stated final week it expects income to extend 17% to twenty% yr over yr within the first quarter, whereas analysts polled by FactSet forecast 24.3%. Nonetheless, sentiment across the inventory is constructive. The consensus score on Insulet is a purchase, and the typical analyst worth goal implies upside of 40%, based on LSEG. Medical insurance firm Humana has additionally been below stress, with a 14-day RSI of 27.4. Shares have pulled again greater than 23% from the beginning of the yr and roughly 3% this week. HUM YTD mountain Humana inventory. Climbing medical prices weighed on Humana’s full-year earnings outlook . The corporate stated in January it expects earnings of $16 per share in 2024, properly under the $29.10 estimate from analysts polled by LSEG. Analysts are nonetheless optimistic on the inventory, nevertheless. The consensur score on the inventory is a purchase, and the typical worth goal implies upside of greater than 15%, per LSEG. Different oversold names on the checklist are Amgen and Teleflex .