As of March 11, 2024, five stocks in the consumer staples 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.
Vintage Wine Estates, Inc. (NASDAQ:VWE)
On March 5, Vintage Wine Estates issued an update on asset sales as company progressed towards streamlined business model and announced a forbearance agreement with lenders. The company's stock gained around 25% over the past five days and has a 52-week high of $1.4550 .
RSI Value: 73.81
VWE Price Action: Shares of Vintage Wine Estates gained 12.9% to close at $0.5826 on Friday.
Vital Farms, Inc. (NASDAQ:VITL)
On March 7, Vital Farms reported better-than-expected fourth-quarer results and issued revenue guidance above estimates. For FY24, the company sees net revenue of at least $552 million, which represents at least a 17% increase compared to fiscal year 2023 (estimate: $550.6 million). The company's stock gained around 33% over the past month and has a 52-week high of $21.26.
RSI Value: 78.60
VITL Price Action: Shares of Vital Farms gained 3.1% to close at $20.51 on Friday.
Sprouts Farmers Market, Inc. (NASDAQ:SFM)
On Feb. 22, Sprouts Farmers Market reported better-than-expected fourth-quarter results. The company's stock gained around 21% over the past month has a 52-week high of $65.53.
RSI Value: 81.50
SFM Price Action: Shares of Sprouts Farmers Market gained 0.1% to close at $63.35 on Friday.
Colgate-Palmolive Company (NYSE:CL)
On Jan. 26, Colgate-Palmolive reported upbeat fourth-quarter financial results. "We leveraged our strong margin performance to invest behind building our brands, with a 19% increase in advertising spending in 2023, and we expect higher levels of brand investment in 2024," said Noel Wallace, Chairman, President and Chief Executive Officer. The company's stock jumped around 5% over the past month and has a 52-week high is $88.50.
RSI Value: 74.69
CL Price Action: Shares of Colgate-Palmolive fell 0.1% to close at $88.07 on Friday.
Target Corporation (NYSE:TGT)
On March 5, Target reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion. The company's stock jumped around 10% over the past five days and has a 52-week high of $175.53.
RSI Value: 70.39
TGT Price Action: Shares of Target fell 1.1% to close at $169.72 on Friday.
2024年3月11日現在、消費関連セクター内の5つの株式は、トレード決定のキー基準として勢いを評価する投資家に対し、警告を発している可能性があります。
RSIは、値上がり日における株の強さを値下がり日における強さと比較する勢い指標です。株価の動きに比べると、株式の短期的なパフォーマンスのヒントをトレーダーに提供することができます。RSIが70以上の場合、資産は通常、買われすぎと見なされます(Benzinga Proによると)。
このセクターの主要な買われすぎ銘柄の最新リストはこちらです。
Vintage Wine Estates, Inc. (NASDAQ: VWE)
Vital Farms, Inc. (NASDAQ: VITL)
3月7日、Vital Farmsは、予想を上回る第4四半期の結果を報告し、見通しの売上高が見込みを上回ると発表しました。2024会計年度において、同社は少なくとも5億5200万ドルの純売上高を見込んでおり、前年度比17%以上の増収を見込んでいます(見積もり：5億5060万ドル)。同社の株価は過去1ヶ月で約33%上昇し、52週間の高値は21.26ドルです。
RSI値：78.60
VITL株価変動：Vital Farmsの株価は、金曜日に20.51ドルで終値で3.1%上昇しました。
Sprouts Farmers Market, Inc. (NASDAQ: SFM)
Colgate-Palmolive Company (NYSE: CL)
1月26日、Colgate-Palmoliveは、第4四半期の好調な財務結果を発表しました。ノエル・ウォレス(Chairman, President and Chief Executive Officer)は、「強いマージン性能を生かして、当社のブランドの構築に投資し、マーケティング費用を2023年に19%増額し、2024年にもブランド投資をさらに増やす予定です。」と述べました。同社の株価は過去1ヶ月で約5%上昇し、52週間の高値は88.50ドルです。
RSI値：74.69
CL株価変動：Colgate-Palmoliveの株価は、金曜日に88.07ドルで終値で0.1%下落しました。
Target Corporation (NYSE:TGT)
