Top 5 Consumer Stocks That May Implode This Month
Portfolio Pulse from Avi Kapoor
As of Feb. 12, 2024, five consumer discretionary stocks are considered overbought based on their RSI values, indicating potential short-term performance concerns. Aterian, AMMO, Harley-Davidson, Victoria's Secret, and Worthington Enterprises have shown significant price gains recently, but their high RSI values suggest they may be due for a correction.
February 12, 2024 | 1:31 pm
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NEGATIVE IMPACT
Aterian's stock surged 93% over the past month with an RSI of 82.51, indicating it may be overbought and face a potential short-term decline.
Aterian's significant price increase and high RSI value suggest the stock is overbought, typically leading to a short-term price correction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Harley-Davidson's stock rose 10% over five days with an RSI of 73.05, indicating potential overvaluation and a short-term market correction.
Harley-Davidson's recent price increase and RSI level suggest the stock may be overbought, often leading to a short-term downturn.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
AMMO's stock gained 14% over five days with an RSI of 76.51, potentially indicating an overbought condition and a short-term price adjustment.
The recent gain and high RSI for AMMO suggest it might be overvalued in the short term, leading to a possible price correction.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Victoria's Secret's stock increased 23% over the past month with an RSI of 73.68, suggesting it might be overbought and face a short-term correction.
The significant price gain and high RSI for Victoria's Secret indicate an overbought condition, which typically precedes a short-term price pullback.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Worthington Enterprises' stock jumped 15% over the past month with an RSI of 76.42, indicating a possible overbought situation and a short-term price decline.
Worthington's recent acquisition and price increase, coupled with a high RSI, suggest the stock may be overbought, leading to a potential short-term correction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90