Top 2 Tech Stocks That May Plunge In Q3
Portfolio Pulse from Avi Kapoor
Two tech stocks, Zeta Global Holdings Corp (NYSE:ZETA) and Cognizant Technology Solutions Corp (NASDAQ:CTSH), are showing overbought signals with RSI values above 70. Despite recent gains, these stocks may face short-term downward pressure.
August 01, 2024 | 1:28 pm
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NEGATIVE IMPACT
Cognizant Technology Solutions Corp (NASDAQ:CTSH) posted strong earnings and saw a 12% gain over the past month. However, with an RSI of 70.38, the stock is considered overbought and may face short-term downward pressure.
The RSI value of 70.38 indicates that CTSH is overbought. Despite strong earnings and recent gains, the stock may face short-term selling pressure as investors look to take profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zeta Global Holdings Corp (NYSE:ZETA) posted better-than-expected earnings and saw an 18% gain over the past month. However, with an RSI of 75.12, the stock is considered overbought and may face short-term downward pressure.
The RSI value of 75.12 indicates that ZETA is overbought. Despite strong earnings and recent gains, the stock may face short-term selling pressure as investors look to take profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100