Since March 21, 2025, 2 stocks in the energy sector might be flashing a genuine caution to financiers who value momentum as an essential requirements in their trading choices.
The RSI is a momentum indication, which compares a stock’s strength on days when rates increase to its strength on days when rates decrease. When compared to a stock’s rate action, it can provide traders a much better sense of how a stock might carry out in the short-term. A property is normally thought about overbought when the RSI is above 70, according to Benzinga Pro.
Here’s the current list of significant overbought gamers in this sector.
Genesis Energy, L.P. GEL
- On March 17, Wells Fargo updated the stock from Equal-Weight to Obese and raised its rate target from $15 to $18. RBC Capital likewise raised its rate target on the stock. The business’s stock acquired around 25% over the previous month and has a 52-week high of $15.27.
- RSI Worth: 80.6
- GEL Rate Action: Shares of Genesis Energy acquired 1.6% to close at $15.05 on Thursday.
KNOT Offshore Partners LP KNOP
- On March 19, KNOT Offshore Partners published better-than-expected fourth-quarter sales. Derek Lowe, President and Chief Financial Officer of KNOT Offshore Partners LP, specified, “We are delighted to report another strong efficiency in Q4 2024, marked by safe operation at 98.3% fleet usage from arranged operations, constant profits and operating earnings generation, and product development in protecting extra charter protection for our fleet.” The business’s stock acquired around 25% over the previous month and has a 52-week high of $9.11.
- RSI Worth: 82.7
- KNOP Rate Action: Shares of KNOT Offshore Partners acquired 12.3% to close at $6.32 on Thursday.
Read This Next:
Momentum 86.27
Development 15.18
Quality–
Worth 70.52
Market News and Data gave you by Benzinga APIs