Top 5 Financial Stocks That May Crash This Quarter
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought financial stocks that may crash this quarter, based on their high RSI values. The stocks include National Western Life Group (NWLI), Enstar Group Limited (ESGR), PROG Holdings (PRG), PagSeguro Digital (PAGS), and Radian Group (RDN).
May 22, 2023 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enstar Group Limited's stock is overbought with an RSI value of 71.94, despite reporting strong Q1 net earnings.
ESGR's high RSI value suggests that it is overbought, which may lead to a negative short-term impact on the stock price, despite strong Q1 earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
National Western Life Group's stock is overbought with an RSI value of 88.18, and it reported a decline in Q1 EPS.
NWLI's high RSI value indicates that it is overbought, and the decline in Q1 EPS may lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PagSeguro Digital's stock is overbought with an RSI value of 71.86, and Barclays initiated coverage with an Overweight rating and a price target of $16.
PAGS's high RSI value suggests that it is overbought, which may lead to a negative short-term impact on the stock price, despite the Overweight rating from Barclays.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
PROG Holdings' stock is overbought with an RSI value of 74.07, even though it reported better-than-expected Q1 results.
PRG's high RSI value indicates that it is overbought, which may lead to a negative short-term impact on the stock price, despite better-than-expected Q1 results.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Radian Group's stock is overbought with an RSI value of 74.38, and the company recently named Sumita Pandit as CFO.
RDN's high RSI value indicates that it is overbought, which may lead to a negative short-term impact on the stock price, despite the recent appointment of a new CFO.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100