Top 3 Risk Off Stocks That May Crash In Q4
Portfolio Pulse from Lisa Levin
The article identifies three overbought stocks in the consumer staples sector that may crash in Q4: Blue Apron Holdings, Inc. (APRN), Thorne HealthTech, Inc. (THRN), and Hostess Brands, Inc. (TWNK). All three companies have recently announced acquisition agreements and have high Relative Strength Index (RSI) values, indicating they are overbought.
October 02, 2023 | 12:53 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Blue Apron is overbought with an RSI of 78.37 and may crash in Q4. The company has recently been acquired by Wonder Group.
Blue Apron's high RSI value indicates it is overbought and may be due for a price correction. The recent acquisition could also lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Thorne HealthTech is overbought with an RSI of 74.02 and may crash in Q4. The company has recently been acquired by L Catterton.
Thorne HealthTech's high RSI value indicates it is overbought and may be due for a price correction. The recent acquisition could also lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hostess Brands is overbought with an RSI of 79.68 and may crash in Q4. The company has recently been acquired by J. M. Smucker.
Hostess Brands' high RSI value indicates it is overbought and may be due for a price correction. The recent acquisition could also lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100