Used in the context of general equities. Technically too low in price, and hence a technical correction is expected. Antithesis of overbought.
Technical analysis term indicating a stock has fallen too far and/or is underpriced.
A condition where it appears a stock has declined to the point where the selling is over and buyers will likely step in and push the stock higher.
In technical analysis, it is a market in which the volume of selling that has occurred is greater than the fundamentals justify.