Top 2 Risk Off Stocks Which Are Set To Fly This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights two oversold stocks in the consumer staples sector, Farmmi Inc (NASDAQ:FAMI) and e.l.f. Beauty Inc (NYSE:ELF), which present potential buying opportunities. Both stocks have experienced significant price declines and have RSI values indicating they are oversold.
September 18, 2024 | 11:23 am
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POSITIVE IMPACT
e.l.f. Beauty's stock has dropped 30% in the past month, with an RSI of 28.33, indicating it is oversold. Piper Sandler maintained an Overweight rating but lowered the price target.
e.l.f. Beauty's RSI indicates it is oversold, suggesting potential for price recovery. The maintained Overweight rating supports a positive outlook despite the lowered price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Farmmi Inc's stock has fallen significantly, with a 61% drop over the past month and an RSI of 29.98, indicating it is oversold. The recent $1 million direct offering may impact its stock price.
Farmmi's stock is oversold with an RSI below 30, suggesting a potential rebound. The recent direct offering could provide liquidity but also dilute shares, impacting short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90