Top 2 Tech Stocks You May Want To Dump In March
Portfolio Pulse from
Two tech stocks, Diginex (DGNX) and Aeva Technologies (AEVA), are showing high Relative Strength Index (RSI) values, suggesting potential overvaluation. Diginex has an RSI of 72 and gained 58% in the past month, while Aeva Technologies has an RSI of 80.6 and surged 82% in five days. Both stocks recently experienced positive news: Diginex completed an over-allotment option, and Aeva reported strong Q4 results with expanding partnerships.
March 27, 2025 | 12:45 pm
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NEGATIVE IMPACT
Aeva Technologies' RSI of 80.6 and 82% five-day gain suggest potential short-term price correction, despite positive Q4 results and expanding partnerships.
Extremely high RSI indicates potential overvaluation. Rapid price appreciation might trigger profit-taking and short-term price decline.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Diginex's high RSI of 72 and 58% monthly gain suggest potential short-term price correction. Recent over-allotment option exercise might contribute to stock volatility.
High RSI indicates potential overvaluation. Strong recent performance might lead to profit-taking and short-term price decline.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100