Top 5 Real Estate Stocks that Are Ticking Portfolio Bombs
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought real estate stocks, including Necessity Retail REIT (RTL), Offerpad Solutions (OPAD), eXp World Holdings (EXPI), The St. Joe Company (JOE), and Modiv Inc. (MDV). These stocks have high RSI values, indicating they may be overvalued and present an opportunity to go short.
May 30, 2023 | 11:33 am
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NEGATIVE IMPACT
eXp World Holdings (EXPI) has an RSI value of 73.84, indicating it may be overvalued. The stock recently rose 1.1% to close at $15.41.
The high RSI value of 73.84 indicates that EXPI is overbought, which may lead to a short-term price decline as investors sell their positions to lock in profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The St. Joe Company (JOE) has an RSI value of 76.90, indicating it may be overvalued. The stock recently rose 1.1% to close at $46.40.
The high RSI value of 76.90 indicates that JOE is overbought, which may lead to a short-term price decline as investors sell their positions to lock in profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Modiv Inc. (MDV) has an RSI value of 70.97, indicating it may be overvalued. The stock recently fell 0.9% to settle at $14.83.
The high RSI value of 70.97 indicates that MDV is overbought, which may lead to a short-term price decline as investors sell their positions to lock in profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Offerpad Solutions (OPAD) has an RSI value of 74.78, indicating it may be overvalued. The stock recently rose 3.7% to close at $0.6450.
The high RSI value of 74.78 indicates that OPAD is overbought, which may lead to a short-term price decline as investors sell their positions to lock in profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Necessity Retail REIT (RTL) has an RSI value of 71.61, indicating it may be overvalued. The stock recently rose 4.2% to close at $6.19.
The high RSI value of 71.61 indicates that RTL is overbought, which may lead to a short-term price decline as investors sell their positions to lock in profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100