Top 4 Real Estate Stocks You May Want To Dump In September
Portfolio Pulse from Avi Kapoor
Four real estate stocks, KE Holdings, Uniti Group, Macerich, and American Healthcare REIT, are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks due to potential short-term price corrections.
September 30, 2024 | 1:26 pm
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American Healthcare REIT's RSI of 80.83 indicates it is overbought. The stock's 24% gain over the past month, following an acquisition, suggests a potential short-term correction.
American Healthcare REIT's RSI of 80.83 indicates it is overbought. The stock's 24% gain over the past month, following an acquisition, suggests a potential short-term correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
KE Holdings has an RSI of 81.63, indicating it is overbought. Despite strong financial results and stock repurchase plans, the stock's recent 37% gain suggests a potential short-term correction.
The RSI value of 81.63 indicates that KE Holdings is overbought. Despite positive financial results and stock repurchase plans, the recent 37% gain suggests the stock may be due for a short-term correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Macerich has an RSI of 77.29, indicating it is overbought. Despite a raised price target by Goldman Sachs, the stock's 18% gain over the past month suggests a potential short-term correction.
Macerich's RSI of 77.29 suggests it is overbought. The stock's 18% gain over the past month, despite a raised price target, indicates a potential short-term correction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Uniti Group's RSI of 78.03 suggests it is overbought. The stock's 34% gain over the past month, following debt restructuring, may lead to a short-term price correction.
Uniti Group's RSI of 78.03 indicates it is overbought. The stock's 34% gain over the past month, driven by debt restructuring, suggests a potential short-term price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100