Top 3 Consumer Stocks That May Fall Off A Cliff In Q3
Portfolio Pulse from Avi Kapoor
Three consumer discretionary stocks, Sleep Number Corp, Papa John's International, and eBay, are currently overbought according to their RSI values, indicating potential short-term price declines. Analysts have given neutral ratings, and recent price gains suggest caution for momentum investors.
September 18, 2024 | 12:58 pm
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NEGATIVE IMPACT
eBay's RSI is 82.85, indicating it's significantly overbought. Despite a 14% price gain, the stock may face short-term declines as it approaches its 52-week high.
The RSI value of 82.85 indicates eBay is significantly overbought, suggesting a potential price decline. The stock's proximity to its 52-week high adds to this risk.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Papa John's RSI is 72.22, indicating it's overbought. Despite a 13% price gain, the stock may face short-term declines as momentum wanes.
The RSI value of 72.22 suggests Papa John's is overbought, which could lead to a price decline. The recent price increase may not be sustainable.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sleep Number's RSI is 75.86, indicating it's overbought. Despite a recent 33% price gain, analysts maintain a neutral stance, suggesting potential short-term price decline.
The RSI value of 75.86 suggests Sleep Number is overbought, which often precedes a price decline. The neutral analyst rating supports this potential downturn.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100