Top 2 Utilities Stocks That Could Sink Your Portfolio This month
Portfolio Pulse from Avi Kapoor
As of July 23, 2024, two utilities stocks, National Fuel Gas Co. (NYSE:NFG) and Cadiz Inc (NASDAQ:CDZI), are considered overbought based on their RSI values. NFG has an RSI of 70.48 and CDZI has an RSI of 71.99, indicating potential short-term price declines.
July 23, 2024 | 11:31 am
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NEGATIVE IMPACT
Cadiz Inc (CDZI) is considered overbought with an RSI of 71.99. Despite securing new sales contracts, the stock's momentum suggests potential short-term declines.
CDZI's RSI value of 71.99 indicates it is overbought, suggesting a potential price decline. While the company has secured new sales contracts, the overbought condition may lead to short-term negative price action.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
National Fuel Gas Co. (NFG) is considered overbought with an RSI of 70.48. Despite a recent price target increase by Scotiabank, the stock's momentum suggests potential short-term declines.
NFG's RSI value of 70.48 indicates it is overbought, suggesting a potential price decline. The recent price target increase by Scotiabank may not be enough to counteract the negative momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100