Top 4 Tech Stocks That May Collapse This Month
Portfolio Pulse from Lisa Levin
The article lists four tech stocks that are considered overbought and may collapse this month. These include Splunk Inc. (SPLK), which is being acquired by Cisco (CSCO) for $28 billion, New Relic, Inc. (NEWR), which reported better-than-expected Q1 results and is being acquired by Francisco Partners and TPG for $6.5 billion, Kaleyra, Inc. (KLR), which announced a strategic collaboration with Talisma, and DatChat, Inc. (DATS), which recently announced a 1-for-10 reverse stock split.
September 25, 2023 | 12:05 pm
News sentiment analysis
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NEGATIVE IMPACT
DatChat, Inc. is considered overbought with an RSI value of 72.42. It recently announced a 1-for-10 reverse stock split.
The high RSI value indicates that the stock is overbought and may be due for a price correction. The reverse stock split could also lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Kaleyra, Inc. is considered overbought with an RSI value of 75.94. It announced a strategic collaboration with Talisma.
The high RSI value indicates that the stock is overbought and may be due for a price correction. The strategic collaboration could also lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
New Relic, Inc. is considered overbought with an RSI value of 70.59. It reported better-than-expected Q1 results and is being acquired by Francisco Partners and TPG for $6.5 billion.
The high RSI value indicates that the stock is overbought and may be due for a price correction. The acquisition and strong Q1 results could also lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Splunk Inc. is considered overbought with an RSI value of 83.23. It is being acquired by Cisco for $28 billion.
The high RSI value indicates that the stock is overbought and may be due for a price correction. The acquisition could also lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100