RSI - Top 5 Industrials Stocks That Could Sink Your Portfolio In Q2 | Benzinga
As of May 28, 2024, five stocks in the industrials 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.
FREYR Battery, Inc. (NYSE:FREY)
- On May 22, FREYR Battery announced that it completed its first production trial of unit cells using the full capabilities of the Casting and Unit Cell Assembly at the Customer Qualification Plant. The company's stock gained around 26% over the ...