Definitions

1. adjective

past participle of overbuy: bought too much of something; excessively purchased or acquired.

“The market analyst warned investors that the stock was overbought and due for a correction.”

2. noun

a condition of having bought too much of something, especially a market or stock that is considered to be overpriced due to excessive buying.

“The economist studied the overbought market conditions and predicted a subsequent crash.”