Top 3 Defensive Stocks That May Fall Off A Cliff This Quarter
Portfolio Pulse from Avi Kapoor
As of June 21, 2024, three consumer staples stocks—Sadot Group Inc (SDOT), Walmart Inc (WMT), and Coffee Holding Co., Inc. (JVA)—are showing overbought signals based on their RSI values. These stocks have seen significant price increases recently, but their high RSI values suggest potential short-term declines.
June 21, 2024 | 12:54 pm
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Coffee Holding Co., Inc. (JVA) has an RSI of 79.90, indicating it is overbought. Despite recent gains, the stock may face short-term declines.
JVA's RSI value of 79.90 suggests it is overbought. The stock has gained 16% over the past five days, but such momentum may not be sustainable, leading to potential short-term declines.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sadot Group Inc (SDOT) has an RSI of 70.74, indicating it is overbought. Despite recent gains, the stock may face short-term declines.
SDOT's RSI value of 70.74 suggests it is overbought. The stock has gained 21% over the past five days, but such momentum may not be sustainable, leading to potential short-term declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Walmart Inc (WMT) has an RSI of 73.49, indicating it is overbought. Despite a recent price target increase, the stock may face short-term declines.
WMT's RSI value of 73.49 suggests it is overbought. The stock has gained 3% over the past five days, but such momentum may not be sustainable, leading to potential short-term declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100