Top 5 Tech And Telecom Stocks You May Want To Dump In Q3
Portfolio Pulse from Lisa Levin
The article lists five overbought stocks in the communication services sector that may be worth selling in Q3. These include Oriental Culture Holding LTD (OCG), FingerMotion, Inc. (FNGR), Vodafone Group Public Limited Company (VOD), Cardlytics, Inc. (CDLX), and SciPlay Corporation (SCPL). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.
September 14, 2023 | 8:43 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cardlytics, Inc.'s stock is overbought with an RSI of 71.02. The stock fell 0.6% to close at $17.87 on Wednesday.
The stock is considered overbought, which typically indicates a potential price decline in the short term. The recent price drop also supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FingerMotion, Inc.'s stock is overbought with an RSI of 77.78. The stock fell 1.2% to close at $7.74 on Wednesday.
The stock is considered overbought, which typically indicates a potential price decline in the short term. The recent price drop also supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oriental Culture Holding LTD's stock is overbought with an RSI of 72.93. The stock fell 1.8% to close at $0.7260 on Wednesday.
The stock is considered overbought, which typically indicates a potential price decline in the short term. The recent price drop also supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SciPlay Corporation's stock is overbought with an RSI of 79.83. The stock fell 0.2% to settle at $22.74 on Wednesday.
The stock is considered overbought, which typically indicates a potential price decline in the short term. The recent price drop also supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vodafone Group's stock is overbought with an RSI of 70.96. The stock gained 1.1% to close at $9.86 on Wednesday.
Despite the recent gain, the stock is considered overbought, which typically indicates a potential price decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100