Top 5 Energy Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
The article lists five energy stocks that are considered overbought, indicating a potential opportunity to short these stocks. The stocks mentioned are BP Prudhoe Bay Royalty Trust (BPT), Atlas Energy Solutions Inc. (AESI), CNX Resources Corporation (CNX), Tenaris S.A. (TS), and NOV Inc. (NOV). All these stocks have a Relative Strength Index (RSI) value above 70, which typically indicates that they are overbought.
August 04, 2023 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Atlas Energy Solutions Inc.'s stock is overbought with an RSI of 71.56. The company reported better-than-expected Q2 results.
Despite the positive Q2 results, the overbought status could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
BP Prudhoe Bay Royalty Trust's stock is overbought with an RSI of 73.35. The company recently announced that it will not pay a dividend for Q2 2023.
The combination of overbought status and no dividend payment could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CNX Resources Corporation's stock is overbought with an RSI of 76.97. The company posted weaker-than-expected Q2 results.
The overbought status combined with weak Q2 results could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NOV Inc.'s stock is overbought with an RSI of 73.11. The company posted upbeat Q2 results.
Despite the positive Q2 results, the overbought status could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tenaris S.A.'s stock is overbought with an RSI of 70.16. The company reported better-than-expected Q2 results.
Despite the positive Q2 results, the overbought status could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100