The stock market is enjoying its best week of 2023, but some names may have gotten ahead of themselves. The Dow Jones Industrial Average is up 5% for the week. The tech-heavy S&P 500 and Nasdaq Composite are up 5.6% and 5.8%, respectively, and are on track to post their biggest weekly gains since November 2022. Several consumer names, including McDonald’s and Kraft Heinz, they jumped behind. of its quarterly earnings reports this week. Other big names such as Airbnb, PayPal and pharmaceutical giants Pfizer and Amgen also published their results and saw their shares rise. That said, some stocks were overbought during this week’s rally and could see a pullback. CNBC Pro scoured FactSet to find the most overbought and oversold names in the S&P 500 based on its 14-day relative strength index, or RSI. A stock with a 14-day RSI above 70 is considered overbought and at risk of a pullback. A high RSI typically indicates that short-term investor sentiment about a stock is becoming too optimistic. Conversely, a reading below 30 generally means a stock is oversold and may be poised to experience at least a short-term bounce, and a low RSI typically indicates sour sentiment around a stock. These are some of the most overbought names. Fast food giant McDonald’s entered the overbought list with an RSI of 80.16. Analysts estimate the stock has 14.7% growth potential, and about 64% of those covering the stock rate it as a Buy. Shares are up nearly 5% after posting higher quarterly earnings and revenue on Monday. Although the company’s US traffic fell for the first time in 2023, it managed to gain market share among middle- and high-income consumers. Evercore ISI analyst David Palmer told CNBC’s “Squawk on the Street” on Monday that McDonald’s is in “a great competitive position to continue to gain share” both in the United States and in important foreign markets such as Europe. The stock has added just 1.9% so far this year. MCD YTD Mountain McDonald’s Stock Beverage company Coca-Cola was another of several consumer names on this week’s overbought list. Coca-Cola has an RSI of 79.66 listed. Three-fifths of analysts covering the stock rate it a Buy and estimate additional upside potential of 12.4%. The company managed to beat revenue and results estimates in the third quarter and also raised its full-year guidance, beating rival PepsiCo. Although the shares have managed to rise more than 3% so far this week, they are still down more than 10% for 2023. Other overbought companies on the list include Monster Beverage and Keurig Dr Pepper, as well as restaurant groups Chipotle Mexican Grill and Darden Restaurants. . Certain names could be primed for a rebound. Here are the 10 most oversold names in the overall market index: Several healthcare companies were among the most oversold stocks this week. Catalent shares have fallen more than 10% for the week, despite rising 7.5% on Friday. The biotech company has an RSI of just 10.52 and less than a third of analysts covering the company have a Buy rating on the stock. However, the consensus price target suggests the stock could gain 47.1%. Moderna also had a good week, rising almost 8%, but remains one of the most oversold stocks in the overall market index. The vaccine maker has an RSI of 14.28. Shares fell 6% on Thursday following the company’s earnings announcement. The company posted a loss in the third quarter amid falling demand for its Covid shots, its only marketable product. The stock has plunged nearly 57% so far this year. Solar energy companies Enphase Energy and SolarEdge Technologies also made the list, with RSI scores of 15.8 and 18.47, respectively. The solar sector has struggled in 2023 due to a high tariff environment that hurts demand. SolarEdge on Wednesday offered weak guidance for the fourth quarter. Its third-quarter results were also below expectations, which CEO Zvi Lando attributed to a “sluggish market environment,” particularly in Europe. Mountain SEDG 1D SolarEdge stocks Revvity, Henry Schein, Align Technology and Fortive are some of the other oversold names this week.