Top 2 Energy Stocks That May Keep You Up At Night In Q3
Portfolio Pulse from Avi Kapoor
Two energy sector stocks, Payoneer Global Inc. (NASDAQ:PAYO) and EZCORP Inc. (NASDAQ:EZPW), are currently overbought according to their RSI values. Payoneer reported strong Q2 results and raised its guidance, while EZCORP posted better-than-expected quarterly results. Both stocks have seen significant recent gains.
August 12, 2024 | 12:43 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
EZCORP Inc. (NASDAQ:EZPW) posted better-than-expected quarterly results, achieving record Q3 revenues. The stock gained around 13% over the past month and has an RSI value of 77.23, indicating it is overbought.
The better-than-expected results and record revenues are positive, but the high RSI value suggests the stock may be overbought, leading to potential short-term price correction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Payoneer Global Inc. (NASDAQ:PAYO) reported strong Q2 financial results and raised its guidance. The stock gained around 33% over the past five days and has an RSI value of 77.35, indicating it is overbought.
The strong financial results and raised guidance are positive, but the high RSI value suggests the stock may be overbought, leading to potential short-term price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100