Top 5 Consumer Stocks That May Crash This Month
Portfolio Pulse from Avi Kapoor
As of March 22, 2024, five consumer discretionary stocks are identified as overbought based on their RSI values, indicating potential short-term performance concerns. These include Travel + Leisure Co. (TNL), J.Jill, Inc. (JILL), Despegar.com, Corp. (DESP), Modine Manufacturing Company (MOD), and Toll Brothers, Inc. (TOL), each showing significant price movements and reaching new highs.
March 22, 2024 | 12:32 pm
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NEGATIVE IMPACT
Despegar.com, Corp. saw a 36% increase over the past month, with an RSI of 77.27, hinting at overvaluation.
With the highest RSI among the listed, DESP's significant gain might lead to a short-term downturn.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
J.Jill, Inc. reported a 19% stock gain over the past month with an RSI of 70.91, potentially signaling a short-term peak.
JILL's RSI nearing the overbought threshold could indicate a price correction in the near future.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Modine Manufacturing's stock rose 21% in five days, reaching an RSI of 76.68, suggesting a possible retraction.
MOD's rapid price increase and high RSI indicate it may be entering overbought territory, risking a pullback.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Travel + Leisure Co. shows a 5% gain over five days with an RSI of 73.66, indicating potential overbought status.
The RSI above 70 suggests TNL may face a short-term pullback due to its recent gains and overbought status.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Toll Brothers, Inc. experienced a 15% increase over the past month with an RSI of 71.84, suggesting overbought conditions.
TOL's recent gains and RSI above 70 could indicate a nearing short-term market correction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90