Top 5 Tech Stocks That May Crash In September
Portfolio Pulse from Lisa Levin
The article lists five tech stocks that are considered overbought and may crash in September. These include Couchbase, Inc. (NASDAQ:BASE), UiPath Inc. (NYSE:PATH), AppLovin Corporation (NASDAQ:APP), Workday, Inc. (NASDAQ:WDAY), and Nutanix, Inc. (NASDAQ:NTNX). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.
September 08, 2023 | 12:45 pm
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NEGATIVE IMPACT
AppLovin's stock is considered overbought with an RSI value of 73.58.
The high RSI value indicates that the stock is overbought and may experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Couchbase's stock is considered overbought with an RSI value of 83.97.
The high RSI value indicates that the stock is overbought and may experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nutanix's stock is considered overbought with an RSI value of 81.13.
The high RSI value indicates that the stock is overbought and may experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UiPath's stock is considered overbought with an RSI value of 77.49.
The high RSI value indicates that the stock is overbought and may experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Workday's stock is considered overbought with an RSI value of 70.80.
The high RSI value indicates that the stock is overbought and may experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100