Top 3 Financial Stocks That May Crash This Month
Portfolio Pulse from Avi Kapoor
Three financial stocks, Lesaka Technologies Inc (LSAK), Ryan Specialty Holdings Inc (RYAN), and National Western Life Group Inc (NWLI), are currently overbought according to their RSI values, indicating potential short-term price declines.
June 24, 2024 | 11:42 am
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NEGATIVE IMPACT
Lesaka Technologies Inc (LSAK) has an RSI of 71.75, indicating it is overbought. Despite recent strong performance and a 4.4% rise to $4.95, the stock may face short-term price declines.
The RSI value of 71.75 suggests that LSAK is overbought. Despite recent positive performance and financial results, the stock may face short-term price declines as investors may start selling to take profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
National Western Life Group Inc (NWLI) has an RSI of 70.92, indicating it is overbought. The stock rose 0.5% to $495.14 recently but may face short-term price declines.
The RSI value of 70.92 suggests that NWLI is overbought. Despite recent gains and positive financial performance, the stock may face short-term price declines as investors may start selling to take profits.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ryan Specialty Holdings Inc (RYAN) has an RSI of 72.28, indicating it is overbought. The stock rose 7.7% to $59.60 recently but may face short-term price declines.
The RSI value of 72.28 suggests that RYAN is overbought. Despite recent gains and inclusion in the S&P MidCap 400, the stock may face short-term price declines as it is likely to experience profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100