Top 5 Financial Stocks That Could Sink Your Portfolio In Q2
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought financial stocks that could negatively impact portfolios in Q2, based on their RSI values. The stocks mentioned are Northeast Community Bancorp (NECB), Artisan Partners Asset Management (APAM), LendingClub Corporation (LC), Oxbridge Re Holdings Limited (OXBR), and Norwood Financial Corp. (NWFL).
June 21, 2023 | 12:49 pm
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NEGATIVE IMPACT
Artisan Partners Asset Management's RSI value is 71.28, indicating it is overbought. The stock fell 2.6% to close at $37.91 on Tuesday.
The RSI value of 71.28 indicates that APAM is overbought, which could lead to a short-term price decline. The stock has already fallen 2.6% on Tuesday, showing potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
LendingClub Corporation's RSI value is 80.24, indicating it is overbought. The stock rose 2.2% to close at $10.09 on Tuesday.
The RSI value of 80.24 indicates that LC is overbought, which could lead to a short-term price decline. Despite the stock rising 2.2% on Tuesday, the high RSI value suggests potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Northeast Community Bancorp's RSI value is 70.01, indicating it is overbought. The stock fell 4.1% to close at $14.39 on Tuesday.
The RSI value of 70.01 indicates that NECB is overbought, which could lead to a short-term price decline. The stock has already fallen 4.1% on Tuesday, showing potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Norwood Financial Corp.'s RSI value is 70.66, indicating it is overbought. The stock fell 2% to settle at $31.06 on Tuesday.
The RSI value of 70.66 indicates that NWFL is overbought, which could lead to a short-term price decline. The stock has already fallen 2% on Tuesday, showing potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oxbridge Re Holdings Limited's RSI value is 71.49, indicating it is overbought. The stock fell 2.2% to close at $1.81 on Tuesday.
The RSI value of 71.49 indicates that OXBR is overbought, which could lead to a short-term price decline. The stock has already fallen 2.2% on Tuesday, showing potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100