Top 3 Defensive Stocks That Could Sink Your Portfolio In Q1
Portfolio Pulse from Avi Kapoor
Three consumer staples stocks, Coffee Holding Co., Inc. (JVA), Natural Health Trends Corp. (NHTC), and Colgate-Palmolive Company (CL), are considered overbought based on their RSI values, which could signal a potential short-term performance decline. JVA's RSI is 71.89, NHTC's is 74.42, and CL's is 70.37, with all three having seen recent price increases.
January 30, 2024 | 1:29 pm
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NEGATIVE IMPACT
Colgate-Palmolive Company (CL) has an RSI of 70.37 following a more than 3% gain over the past five days, with shares closing at $83.96 on Monday.
CL's RSI is at the edge of the overbought zone, and after reporting strong Q4 results, the stock may experience a short-term pullback as traders take profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Coffee Holding Co., Inc. (JVA) has an RSI of 71.89 after its stock price increased by 11% over the past five days, closing at $1.18 on Monday.
An RSI above 70 often indicates that a stock is overbought, which could lead to a price correction in the short term. JVA's recent price jump and high RSI suggest it may face a pullback.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Natural Health Trends Corp. (NHTC) reported an RSI of 74.42, with its stock price rising by 6% over the past month, closing at $6.26 on Monday.
NHTC's RSI significantly exceeds the overbought threshold, and despite positive EPS growth, the stock may be due for a short-term correction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90