Top 5 Tech And Telecom Stocks That May Implode This Month
Portfolio Pulse from Lisa Levin
The most overbought stocks in the communication services sector include fuboTV, Gambling.com Group, TIM S.A., Gogo Inc., and Meta Platforms. These stocks have RSI values above 70, indicating they may be overvalued and could face a short-term decline.
June 14, 2023 | 12:07 pm
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NEGATIVE IMPACT
fuboTV's RSI value of 70.74 indicates it may be overbought, potentially leading to a short-term decline.
fuboTV's RSI value is above 70, which is considered overbought. This suggests that the stock may be overvalued and could face a short-term decline in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gambling.com Group's RSI value of 72.62 indicates it may be overbought, potentially leading to a short-term decline.
Gambling.com Group's RSI value is above 70, which is considered overbought. This suggests that the stock may be overvalued and could face a short-term decline in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gogo Inc.'s RSI value of 78.44 indicates it may be overbought, potentially leading to a short-term decline.
Gogo Inc.'s RSI value is above 70, which is considered overbought. This suggests that the stock may be overvalued and could face a short-term decline in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms' RSI value of 73.53 indicates it may be overbought, potentially leading to a short-term decline.
Meta Platforms' RSI value is above 70, which is considered overbought. This suggests that the stock may be overvalued and could face a short-term decline in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TIM S.A.'s RSI value of 70.05 indicates it may be overbought, potentially leading to a short-term decline.
TIM S.A.'s RSI value is above 70, which is considered overbought. This suggests that the stock may be overvalued and could face a short-term decline in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100