Top 5 Utilities Stocks You May Want To Dump In May
Portfolio Pulse from Avi Kapoor
As of May 16, 2024, five utility stocks are considered overbought based on their RSI values, indicating potential short-term price declines. These stocks include FirstEnergy Corp. (FE), NRG Energy, Inc. (NRG), The AES Corporation (AES), NextEra Energy, Inc. (NEE), and PG&E Corporation (PCG).
May 16, 2024 | 1:00 pm
News sentiment analysis
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NEGATIVE IMPACT
The AES Corporation (AES) has an RSI of 80.91, indicating it is significantly overbought. The stock's 33% gain over the past month suggests a potential short-term price decline.
AES's RSI of 80.91 indicates significantly overbought conditions. The recent 33% price increase suggests a potential short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FirstEnergy Corp. (FE) has an RSI of 70.99, indicating it is overbought. Despite strong quarterly sales, the stock's recent 9% gain suggests a potential short-term price decline.
FE's RSI of 70.99 indicates overbought conditions. Despite strong quarterly sales, the recent 9% price increase suggests a potential short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NextEra Energy, Inc. (NEE) has an RSI of 82.39, indicating it is significantly overbought. The stock's 25% gain over the past month suggests a potential short-term price decline.
NEE's RSI of 82.39 indicates significantly overbought conditions. The recent 25% price increase suggests a potential short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NRG Energy, Inc. (NRG) has an RSI of 71.11, indicating it is overbought. The stock's 12% gain over the past five days suggests a potential short-term price decline.
NRG's RSI of 71.11 indicates overbought conditions. The recent 12% price increase suggests a potential short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PG&E Corporation (PCG) has an RSI of 76.63, indicating it is overbought. Despite missing revenue expectations, the stock's 14% gain over the past month suggests a potential short-term price decline.
PCG's RSI of 76.63 indicates overbought conditions. Despite missing revenue expectations, the recent 14% price increase suggests a potential short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100