Top 2 Utilities Stocks That May Collapse In Q4
Portfolio Pulse from Avi Kapoor
Two utility stocks, NiSource Inc (NYSE:NI) and Xcel Energy Inc (NASDAQ:XEL), are currently overbought according to their RSI values, indicating potential short-term price declines. NiSource recently reported strong earnings, while Xcel Energy received an increased price target from Keybanc.
October 02, 2024 | 12:41 pm
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NEGATIVE IMPACT
NiSource Inc is currently overbought with an RSI of 77.81, suggesting a potential short-term price decline despite recent strong earnings and a 5% stock gain over the past month.
NiSource's RSI of 77.81 indicates it is overbought, which often precedes a price decline. Despite strong earnings and recent gains, the high RSI suggests a potential pullback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Xcel Energy Inc is overbought with an RSI of 74.71. Despite a recent price target increase from Keybanc, the stock may face short-term declines.
Xcel Energy's RSI of 74.71 suggests it is overbought, which can lead to a price decline. The recent price target increase may not prevent a short-term pullback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80