Top 5 Financial Stocks That Are Ticking Portfolio Bombs
Portfolio Pulse from Lisa Levin
The article lists five financial stocks that are considered overbought, indicating they may be overvalued. These include Forge Global Holdings (FRGE), Metalpha Technology Holding (MATH), Investors Title Company (ITIC), Hywin Holdings (HYW), and Coinbase Global (COIN). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.
July 07, 2023 | 11:31 am
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NEGATIVE IMPACT
Coinbase Global is overbought with an RSI of 72.14. The stock closed at $78.10 on Thursday.
The high RSI indicates that the stock may be overbought and could face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Forge Global Holdings is overbought with an RSI of 73.42. The stock closed at $2.50 on Thursday.
The high RSI indicates that the stock may be overbought and could face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hywin Holdings is overbought with an RSI of 73.97. The stock closed at $7.18 on Thursday.
The high RSI indicates that the stock may be overbought and could face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Investors Title Company is overbought with an RSI of 73.28. The stock closed at $150.01 on Thursday.
The high RSI indicates that the stock may be overbought and could face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Metalpha Technology Holding is overbought with an RSI of 80.19. The stock closed at $1.41 on Thursday.
The high RSI indicates that the stock may be overbought and could face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100