financetom
Market
financetom
/
Market
/
Top 2 Financial Stocks That May Fall Off A Cliff In January
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top 2 Financial Stocks That May Fall Off A Cliff In January
Jan 8, 2025 3:55 AM

As of Jan. 8, 2025, two 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.

Lesaka Technologies Inc (NASDAQ:LSAK)

Lesaka Technologies ( LSAK ) will release second quarter 2025 results after the closing bell on Feb. 5. The company's stock surged around 13% over the past six months and has a 52-week high of $5.60.

RSI Value: 71.6                                

LSAK Price Action: Shares of Lesaka Technologies ( LSAK ) jumped 2.3% to close at $5.27 on Tuesday.

Central Plains Bancshares Inc (NASDAQ:CPBI)

On Oct. 28, Central Plains Bancshares ( CPBI ) adopted repurchase program of up to 200,000 shares of its common stock. The company's stock gained around 4% over the past month and has a 52-week high of $15.46.

RSI Value: 74.3

CPBI Price Action: Shares of Central Plains Bancshares ( CPBI ) gained 1.4% to close at $15.00 on Tuesday.

Read This Next:

Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
How Is The Market Feeling About Tradeweb Markets?
How Is The Market Feeling About Tradeweb Markets?
Dec 2, 2024
Tradeweb Markets's ( TW ) short percent of float has risen 16.5% since its last report. The company recently reported that it has 1.39 million shares sold short, which is 1.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.75 days to cover their short positions on average. Why Short...
Sector Update: Energy
Sector Update: Energy
Dec 2, 2024
01:19 PM EST, 12/02/2024 (MT Newswires) -- Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 1.1% and the Energy Select Sector SPDR Fund (XLE) dropping 1.4%. The Philadelphia Oil Service Sector index was up 0.2%, and the Dow Jones US Utilities index was sliding 1.6%. Front-month West Texas Intermediate crude oil was fractionally higher at...
Sector Update: Financial
Sector Update: Financial
Dec 2, 2024
01:22 PM EST, 12/02/2024 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund (XLF) off 0.8%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was falling 1.5%. Bitcoin (BTC-USD) was declining 2% to $95,348, and the...
Exchange-Traded Funds, US Equities Mixed After Midday Trading
Exchange-Traded Funds, US Equities Mixed After Midday Trading
Dec 2, 2024
01:14 PM EST, 12/02/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM fell while IVV rose. Actively traded Invesco QQQ Trust (QQQ) edged up 1.1%. The Nasdaq and the S&P 500 extended rallies to records in midday Monday trading, and the Dow Jones Industrial Average eased as traders digested new economic data in the first session of December....
Copyright 2023-2025 - www.financetom.com All Rights Reserved