Top 3 Real Estate Stocks That May Implode In Q2
Portfolio Pulse from Avi Kapoor
Three real estate stocks, Redfin Corporation (RDFN), Healthcare Realty Trust Incorporated (HR), and eXp World Holdings, Inc. (EXPI), are currently overbought according to their RSI values. Investors should be cautious as these stocks may face downward pressure in the short term.
May 15, 2024 | 12:29 pm
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NEGATIVE IMPACT
eXp World Holdings (EXPI) has an RSI of 70.31, indicating it is overbought. The stock rose 2.9% to $12.93 after reporting strong Q1 financial results.
The high RSI value suggests that eXp World Holdings is overbought, which typically precedes a price decline. The recent strong financial results may not be enough to sustain the upward momentum.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Healthcare Realty Trust (HR) has an RSI of 78.75, indicating it is overbought. The stock rose 1.6% to $16.27 after posting better-than-expected quarterly FFO.
The high RSI value suggests that Healthcare Realty Trust is overbought, which typically precedes a price decline. The recent positive earnings report may not be enough to sustain the upward momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Redfin Corporation (RDFN) has an RSI of 75.65, indicating it is overbought. Despite a recent price target increase from Susquehanna, the stock fell 1.3% to $7.90.
The high RSI value suggests that Redfin is overbought, which typically precedes a price decline. The recent price target increase may not be enough to sustain the upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100