Top 4 Real Estate Stocks That May Plunge This Month
Portfolio Pulse from Avi Kapoor
Four real estate stocks, Essex Property Trust (ESS), InnSuites Hospitality Trust (IHT), Iron Mountain (IRM), and National Storage Affiliates Trust (NSA), are showing overbought signals with high RSI values, indicating potential short-term price declines.
June 17, 2024 | 12:55 pm
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NEGATIVE IMPACT
Essex Property Trust (ESS) has an RSI of 71.28, indicating it is overbought. Despite a recent price target increase by Scotiabank, the stock may face short-term declines.
The RSI value of 71.28 suggests that ESS is overbought. Although the price target was raised, the high RSI indicates potential for a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
InnSuites Hospitality Trust (IHT) has an RSI of 78.37, indicating it is significantly overbought. The stock has gained 31% over the past month, suggesting a potential short-term pullback.
The RSI value of 78.37 indicates that IHT is significantly overbought. The recent 31% gain increases the likelihood of a short-term price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Iron Mountain (IRM) has an RSI of 74.06, indicating it is overbought. Despite strong quarterly earnings and a declared dividend, the stock may face short-term declines.
The RSI value of 74.06 suggests that IRM is overbought. Despite positive earnings and a declared dividend, the high RSI indicates potential for a short-term price decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
National Storage Affiliates Trust (NSA) has an RSI of 73.81, indicating it is overbought. The stock has jumped 6% over the past five days, suggesting a potential short-term pullback.
The RSI value of 73.81 indicates that NSA is overbought. The recent 6% jump increases the likelihood of a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100