Top 5 Tech And Telecom Stocks That Are Flying - And May Collapse
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought tech and telecom stocks, including Lizhi Inc. (LIZI), Yalla Group Limited (YALA), Zedge, Inc. (ZDGE), Oriental Culture Holding LTD (OCG), and Tremor International Ltd (TRMR). These stocks have high RSI values, indicating they may be overvalued and could collapse.
May 31, 2023 | 12:56 pm
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NEGATIVE IMPACT
Lizhi Inc. reported a rise in quarterly sales results, with its stock reaching a 52-week high of $1.88. Its RSI value is 79.47, indicating it may be overvalued.
Lizhi Inc.'s high RSI value of 79.47 indicates that the stock is overbought and may be overvalued. This could lead to a potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oriental Culture Holding was granted an additional 180-day grace period by Nasdaq to regain compliance with the minimum bid price rule. Its stock has a 52-week high of $3.62 and an RSI value of 72.96, suggesting it may be overvalued.
Oriental Culture Holding's high RSI value of 72.96 indicates that the stock is overbought and may be overvalued. This could lead to a potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tremor International reported better-than-expected quarterly sales results. Its stock has a 52-week high of $12.85 and an RSI value of 70.48, indicating it may be overvalued.
Tremor International's high RSI value of 70.48 indicates that the stock is overbought and may be overvalued. This could lead to a potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Yalla Group Limited reported a 1.6% YoY increase in revenues for Q1. Its stock has a 52-week high of $5.57 and an RSI value of 76.16, suggesting it may be overvalued.
Yalla Group Limited's high RSI value of 76.16 indicates that the stock is overbought and may be overvalued. This could lead to a potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zedge, Inc. reported worse-than-expected Q2 EPS results. Its stock has a 52-week high of $5.65 and an RSI value of 70.99, indicating it may be overvalued.
Zedge, Inc.'s high RSI value of 70.99 indicates that the stock is overbought and may be overvalued. This could lead to a potential short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100