Top 3 Energy Stocks That May Crash This Quarter
Portfolio Pulse from Avi Kapoor
Three energy stocks, Viper Energy (VNOM), Antero Resources (AR), and Pioneer Natural Resources (PXD), are identified as overbought according to their RSI values, indicating potential short-term performance issues. Recent analyst actions and price movements are highlighted for each.
April 24, 2024 | 11:24 am
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NEGATIVE IMPACT
Antero Resources shows an RSI of 72.21, indicating overbought conditions despite a recent upgrade and target raise by Morgan Stanley.
With an RSI above 70, AR is considered overbought, suggesting a potential pullback in the short term despite the positive outlook from analysts.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Pioneer Natural Resources' RSI of 71.55 suggests overbought status, even as analysts maintain and raise price targets.
PXD's overbought RSI level indicates a potential short-term downside risk, despite recent analyst confidence and price target adjustments.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Viper Energy's stock is considered overbought with an RSI of 73.72, despite a recent analyst upgrade and price target increase.
The overbought status indicated by the RSI suggests potential short-term downside despite positive analyst sentiment, leading to a likely decrease in stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90