Top 2 Tech And Telecom Stocks That May Crash In Q4
Portfolio Pulse from Avi Kapoor
Two stocks in the communication services sector, T-Mobile US Inc (TMUS) and Sify Technologies Limited (SIFY), are considered overbought with high RSI values, indicating potential short-term price corrections. TMUS has gained 13% over the past month, while SIFY has surged 54%.
October 18, 2024 | 12:18 pm
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NEGATIVE IMPACT
Sify Technologies Limited (SIFY) is considered overbought with an RSI of 70.98, indicating a potential short-term price correction. The stock has surged 54% over the past month.
The RSI value of 70.98 suggests that SIFY is overbought, which often leads to a price correction. The significant 54% gain in the past month increases the likelihood of a pullback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
T-Mobile US Inc (TMUS) is considered overbought with an RSI of 82.35, indicating a potential short-term price correction. The stock has gained 13% over the past month.
The RSI value of 82.35 suggests that TMUS is overbought, which often precedes a price correction. The recent 13% gain further supports the likelihood of a pullback.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80