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The following is a list of the 10 most overbought and 10 most oversold S&P 500 stocks, based on the RSI(14) indicator. We've also included interactive charts for all the stocks mentioned in the article.

A reading close to 70 usually indicates overbought conditions, while a reading close to 30 reflect oversold conditions. RSI data sourced from Finviz.

We won't go into a detailed discussion about each company. The goal here is to give you a starting point for your own analysis.

Top 10 Most Oversold S&P 500 Stocks

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1. NRG Energy, Inc. (NYSE:NRG): Electric Utilities Industry. Market cap of $4.62B. RSI(14) at 29. Short float at 4.75%, which implies a short ratio of 4.46 days. The stock has lost -23.83% over the last year.

2. Big Lots Inc. (NYSE:BIG): Discount, Variety Stores Industry. Market cap of $2.14B. RSI(14) at 31.63. Short float at 8.81%, which implies a short ratio of 3.78 days. The stock has gained 0.28% over the last year.

3. The Kroger Co. (NYSE:KR): Grocery Stores Industry. Market cap of $13.04B. RSI(14) at 31.69. Short float at 2.16%, which implies a short ratio of 1.77 days. The stock has gained 4.45% over the last year.

4. SUPERVALU Inc. (NYSE:SVU): Grocery Stores Industry. Market cap of $1.85B. RSI(14) at 34.08. Short float at 15.93%, which implies a short ratio of 5.83 days. The stock has lost -32.19% over the last year.

5. Genzyme Corp. (GENZ): Biotechnology Industry. Market cap of $18.08B. RSI(14) at 34.12. Short float at 8.49%, which implies a short ratio of 6.83 days. The stock has gained 40.79% over the last year.

6. DIRECTV (NASDAQ:DTV): CATV Systems Industry. Market cap of $34.39B. RSI(14) at 36.52. Short float at 2.26%, which implies a short ratio of 2.44 days. The stock has gained 22.26% over the last year.

7. Entergy Corporation (NYSE:ETR): Electric Utilities Industry. Market cap of $12.73B. RSI(14) at 36.56. Short float at 1.19%, which implies a short ratio of 1.26 days. The stock has lost -10.19% over the last year.

8. HCP, Inc. (NYSE:HCP): REIT. Market cap of $10.05B. RSI(14) at 37.18. Short float at 3.53%, which implies a short ratio of 3.38 days. The stock has gained 9.32% over the last year.

9. Dominion Resources, Inc. (NYSE:D): Electric Utilities Industry. Market cap of $24.16B. RSI(14) at 37.43. Short float at 1.77%, which implies a short ratio of 3.5 days. The stock has gained 11.46% over the last year.

10. Ventas Inc. (NYSE:VTR): REIT. Market cap of $7.85B. RSI(14) at 37.6. Short float at 6.48%, which implies a short ratio of 7.6 days. The stock has gained 19.46% over the last year.

Top 10 Most Overbought S&P 500 Stocks

1. Compuware Corporation (NASDAQ:CPWR): Application Software Industry. Market cap of $2.54B. RSI(14) at 83.09. Short float at 2.89%, which implies a short ratio of 2.54 days. The stock has gained 63.93% over the last year.

2. Hormel Foods Corp. (NYSE:HRL): Meat Products Industry. Market cap of $6.75B. RSI(14) at 80.76. Short float at 4.97%, which implies a short ratio of 6.64 days. The stock has gained 34.21% over the last year.

3. Harman International Industries Inc. (NYSE:HAR): Electronic Equipment Industry. Market cap of $3.37B. RSI(14) at 80.02. Short float at 2.16%, which implies a short ratio of 1.87 days. The stock has gained 33.54% over the last year.

4. Monster Worldwide, Inc. (NYSE:MWW): Advertising Agencies Industry. Market cap of $3.12B. RSI(14) at 79.5. Short float at 15.31%, which implies a short ratio of 6.11 days. The stock has gained 45.75% over the last year.

5. Abercrombie & Fitch Co. (NYSE:ANF): Apparel Stores Industry. Market cap of $4.92B. RSI(14) at 78.35. Short float at 12.34%, which implies a short ratio of 3.25 days. The stock has gained 62.03% over the last year.

6. Fastenal Co. (NASDAQ:FAST): General Building Materials Industry. Market cap of $8.72B. RSI(14) at 77.13. Short float at 12.3%, which implies a short ratio of 16.39 days. The stock has gained 55.18% over the last year.

7. ONEOK Inc. (NYSE:OKE): Gas Utilities Industry. Market cap of $5.78B. RSI(14) at 77.05. Short float at 1.49%, which implies a short ratio of 2.35 days. The stock has gained 35.55% over the last year.

8. Whole Foods Market, Inc. (WFMI): Grocery Stores Industry. Market cap of $8.56B. RSI(14) at 76.84. Short float at 7.13%, which implies a short ratio of 4.41 days. The stock has gained 91.3% over the last year.

9. SanDisk Corp. (NASDAQ:SNDK): Semiconductor Industry. Market cap of $11.63B. RSI(14) at 76.04. Short float at 6.37%, which implies a short ratio of 1.41 days. The stock has gained 118.12% over the last year.

10. Charles Schwab Corp. (NYSE:SCHW): Investment Brokerage Industry. Market cap of $19.98B. RSI(14) at 75.99. Short float at 4.34%, which implies a short ratio of 4.13 days. The stock has lost -7.73% over the last year.

Source: Top 10 Overbought and Oversold S&P 500 Stocks