Top 5 Tech Stocks That May Crash In Q2
Portfolio Pulse from Lisa Levin
The top 5 overbought tech stocks that may crash in Q2 are Jabil Inc. (JBL), Dropbox Inc. (DBX), SPS Commerce Inc. (SPSC), Bitdeer Technologies Group (BTDR), and MongoDB Inc. (MDB). These stocks have high RSI values, indicating they may be overvalued and could experience a short-term decline.
June 26, 2023 | 12:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bitdeer Technologies Group announced a $1 million share repurchase program and has an RSI value of 80.46, indicating it may be overbought and could experience a short-term decline.
Bitdeer Technologies Group has a high RSI value, indicating it may be overbought. The announcement of a $1 million share repurchase program could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dropbox Inc. introduced new AI-powered features and has an RSI value of 73.97, suggesting it may be overbought and could experience a short-term decline.
Dropbox Inc. has a high RSI value, indicating it may be overbought. The introduction of new AI-powered features could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jabil Inc. reported better-than-expected Q3 results and issued Q4 guidance. Its RSI value is 70.80, indicating it may be overbought and could face a short-term decline.
Jabil Inc. has a high RSI value, which indicates it may be overbought. This, combined with its better-than-expected Q3 results, could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MongoDB Inc. announced several new product launches and has an RSI value of 71.30, suggesting it may be overbought and could face a short-term decline.
MongoDB Inc. has a high RSI value, indicating it may be overbought. The announcement of several new product launches could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPS Commerce Inc. received a Buy rating from Needham analyst Scott Berg, who raised the price target to $205. Its RSI value is 70.47, suggesting it may be overbought and could face a short-term decline.
SPS Commerce Inc. has a high RSI value, indicating it may be overbought. The Buy rating and raised price target from Needham analyst Scott Berg could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100