Top 2 Financial Stocks That May Collapse In Q4
Portfolio Pulse from Lisa Levin
CME Group Inc. and Western New England Bancorp, Inc. are considered overbought stocks in the financial sector, with RSI values of 70.76 and 77.46 respectively. CME Group reported better-than-expected Q2 results, while Western New England posted weaker-than-expected Q2 earnings.
October 13, 2023 | 11:41 am
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NEGATIVE IMPACT
CME Group's stock is considered overbought with an RSI value of 70.76. The company reported better-than-expected Q2 results.
CME Group's stock is overbought, indicating it may be overvalued and could face a price correction. The company's better-than-expected Q2 results may have contributed to the high RSI value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Western New England Bancorp's stock is considered overbought with an RSI value of 77.46. The company posted weaker-than-expected Q2 earnings.
Western New England Bancorp's stock is overbought, indicating it may be overvalued and could face a price correction. The company's weaker-than-expected Q2 earnings may have contributed to the high RSI value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100