Top 5 Consumer Stocks That May Collapse This Quarter
Portfolio Pulse from Lisa Levin
The article lists five consumer stocks that are considered overbought and may collapse this quarter. These include MINISO Group Holding Limited (MNSO), Vasta Platform Limited (VSTA), Toyota Motor Corporation (TM), Honda Motor Co., Ltd. (HMC), and G-III Apparel Group, Ltd. (GIII). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.
September 15, 2023 | 11:18 am
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NEGATIVE IMPACT
G-III Apparel Group's stock is overbought with an RSI value of 73.87.
The high RSI value indicates that the stock is overbought and may face a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Honda Motor's stock is overbought with an RSI value of 83.20.
The high RSI value indicates that the stock is overbought and may face a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MINISO Group's stock is overbought with an RSI value of 80.11.
The high RSI value indicates that the stock is overbought and may face a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Toyota Motor's stock is overbought with an RSI value of 80.92.
The high RSI value indicates that the stock is overbought and may face a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vasta Platform's stock is overbought with an RSI value of 72.19.
The high RSI value indicates that the stock is overbought and may face a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100