Top 4 Tech Stocks That May Collapse In October
Portfolio Pulse from Lisa Levin
The article lists four tech stocks that are considered overbought and may collapse in October. These include EngageSmart (ESMT), Splunk (SPLK), BSQUARE (BSQR), and PCTEL (PCTI). All four companies are in the process of being acquired by other firms.
October 30, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BSQUARE is being acquired by Kontron America. Its RSI value is 84.78, indicating it is significantly overbought.
The company's high RSI value indicates it is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
EngageSmart is being acquired by Vista Equity Partners. Its RSI value is 72.53, indicating it is overbought.
The company's high RSI value indicates it is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PCTEL is being acquired by Amphenol Corp. Its RSI value is 85.81, indicating it is significantly overbought.
The company's high RSI value indicates it is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Splunk is being acquired by Cisco. Its RSI value is 72.10, indicating it is overbought.
The company's high RSI value indicates it is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100