Top 5 Energy Stocks That May Fall Off A Cliff
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought energy stocks, which may present an opportunity to go short on these overvalued companies. The stocks mentioned are PHX Minerals Inc. (PHX), StealthGas Inc. (GASS), SEACOR Marine Holdings Inc. (SMHI), California Resources Corporation (CRC), and NextDecade Corporation (NEXT).
June 20, 2023 | 11:35 am
News sentiment analysis
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NEGATIVE IMPACT
California Resources Corporation is overbought with an RSI value of 70.71, despite posting upbeat quarterly earnings.
California Resources Corporation is considered overbought with an RSI value of 70.71, which indicates that the stock may be overvalued and could experience a price decline in the short term. Despite the company's strong earnings, the overbought status may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
StealthGas Inc. is overbought with an RSI value of 74.77, even after posting better-than-expected quarterly earnings.
StealthGas Inc. is considered overbought with an RSI value of 74.77, which indicates that the stock may be overvalued and could experience a price decline in the short term. Despite the company's strong earnings, the overbought status may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NextDecade Corporation is overbought with an RSI value of 72.55, after announcing framework agreements with Global Infrastructure Partners and TotalEnergies.
NextDecade Corporation is considered overbought with an RSI value of 72.55, which indicates that the stock may be overvalued and could experience a price decline in the short term. Despite the company's framework agreements announcement, the overbought status may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PHX Minerals is overbought with an RSI value of 77.24, despite posting upbeat quarterly earnings.
PHX Minerals is considered overbought with an RSI value of 77.24, which indicates that the stock may be overvalued and could experience a price decline in the short term. Despite the company's strong earnings, the overbought status may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SEACOR Marine Holdings Inc. is overbought with an RSI value of 74.99, after announcing a contemplated bond issue.
SEACOR Marine Holdings Inc. is considered overbought with an RSI value of 74.99, which indicates that the stock may be overvalued and could experience a price decline in the short term. Despite the company's bond issue announcement, the overbought status may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100