Top 3 Utilities Stocks You May Want To Dump In August
Portfolio Pulse from Avi Kapoor
Three utility stocks, Eco Wave Power Global, WEC Energy Group, and PG&E Corp, are considered overbought with high RSI values, indicating potential short-term price corrections. Investors may want to reconsider their positions in these stocks.
August 30, 2024 | 12:53 pm
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NEGATIVE IMPACT
PG&E Corp's stock is overbought with an RSI of 75.64. Despite strong earnings and a 7% gain, the high RSI suggests a potential short-term price correction.
The RSI of 75.64 indicates that the stock is overbought. Despite strong earnings, the high RSI suggests a potential price correction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Eco Wave Power Global's stock is overbought with an RSI of 70.67. Despite a recent 40% gain and a share repurchase plan, the high RSI suggests a potential short-term price correction.
The RSI of 70.67 indicates that the stock is overbought. Despite positive momentum from a share repurchase plan, the high RSI suggests a potential price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WEC Energy Group's stock is overbought with an RSI of 75.32. Despite strong earnings and an 8% gain, the high RSI suggests a potential short-term price correction.
The RSI of 75.32 indicates that the stock is overbought. Despite strong earnings, the high RSI suggests a potential price correction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100