Top 5 Industrials Stocks That May Collapse In Q3
Portfolio Pulse from Avi Kapoor
Five industrial stocks, including Nuscale Power, Babcock & Wilcox, LYFT, ZIM Integrated Shipping, and Caterpillar, are considered overbought with high RSI values, indicating potential short-term price declines.
September 25, 2024 | 1:06 pm
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NEGATIVE IMPACT
Babcock & Wilcox is overbought with an RSI of 77.56, suggesting a potential short-term price decline despite recent contract wins.
Babcock & Wilcox's RSI is significantly above 70, indicating it is overbought. This suggests a potential short-term price decline as the stock may be due for a correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Caterpillar's stock is overbought with an RSI of 78.92, indicating potential short-term price decline despite recent product announcements.
Caterpillar's RSI is significantly above 70, indicating it is overbought. This suggests a potential short-term price decline as the stock may be due for a correction.
CONFIDENCE 92
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
LYFT's stock is overbought with an RSI of 71.57, indicating potential short-term price decline despite recent analyst coverage.
LYFT's RSI is above 70, indicating it is overbought. This suggests a potential short-term price decline as the stock may be due for a correction.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nuscale Power's stock is overbought with an RSI of 72.59, indicating potential short-term price decline despite recent gains.
Nuscale Power's RSI is above 70, indicating it is overbought. This suggests a potential short-term price decline as the stock may be due for a correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ZIM Integrated Shipping is overbought with an RSI of 74.31, suggesting a potential short-term price decline despite strong financial results.
ZIM Integrated Shipping's RSI is above 70, indicating it is overbought. This suggests a potential short-term price decline as the stock may be due for a correction.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75