RSI - Top 5 Consumer Stocks You May Want To Dump This Quarter | Benzinga
As of Jan. 2, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Here’s the latest list of major overbought players in this sector.
MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM)
- The company’s stock jumped around 43% over the past five days and has a 52-week high of $7.40 .
- RSI Value: 73.29
- MRM Price Action: Shares of MEDIROM Healthcare Technologies gained 7.9% to close at ...