Top 4 Real Estate Stocks That May Implode This Month
Portfolio Pulse from Lisa Levin
Four real estate stocks, Five Point Holdings (FPH), Vornado Realty Trust (VNO), Forestar Group (FOR), and Comstock Holding Companies (CHCI), are considered overbought with RSI values above 70, indicating they may be overvalued. FPH and VNO saw their shares fall, while CHCI's shares rose. FOR's shares fell slightly despite upbeat Q3 results.
July 28, 2023 | 12:31 pm
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NEGATIVE IMPACT
Comstock Holding Companies' shares rose 1.5% despite a decline in quarterly EPS. Its RSI value is 72.66, indicating it may be overbought.
Despite a decline in EPS, CHCI's shares rose, but its high RSI value suggests it may be overvalued, potentially leading to a future decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Forestar Group's shares fell slightly despite upbeat Q3 results. Its RSI value is 88.20, indicating it may be significantly overbought.
Despite positive Q3 results, FOR's shares fell slightly, and its very high RSI value suggests it may be significantly overvalued, potentially leading to further declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Five Point Holdings' shares fell 2.9% despite exceeding Q2 expectations. Its RSI value is 71.29, indicating it may be overbought.
Despite exceeding Q2 expectations, FPH's shares fell, and its high RSI value suggests it may be overvalued, potentially leading to further declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vornado Realty Trust's shares fell 1.9% after announcing property sales. Its RSI value is 71.64, indicating it may be overbought.
Despite property sales, VNO's shares fell, and its high RSI value suggests it may be overvalued, potentially leading to further declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100