RSI - Top 5 Financial Stocks You May Want To Dump In Q2 | Benzinga
As of May 23, 2024, five stocks in the financial 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.
Aegon Ltd. (NYSE:AEG)
- On May 16, Aegon reported a planned new € 200 million share buyback program. The company's stock gained around 10% over the past month and has a 52-week high of $6.96.
- RSI Value: 73.01
- AEG Price Action: Shares of Aegon fell 1.2% to close at $6.79 on Wednesday.