As of Jan. 30, 2025, two stocks in the consumer discretionary 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.
Mister Car Wash Inc MCW
- On Jan. 21, Morgan Stanley analyst Simeon Gutman maintained Mister Car Wash with an Equal-Weight and lowered the price target from $9 to $8.. The company's stock surged around 12% over the past five days and has a 52-week high of $9.45.
- RSI Value: 75.7
- MCW Price Action: Shares of Mister Car Wash gained 0.4% to close at $7.98 on Wednesday.
Coursera Inc COUR
- On Jan. 30, Telsey Advisory Group analyst Sarang Vora maintained Coursera with an Outperform and maintained a $15 price target.. The company's stock gained around 16% over the past five days and has a 52-week high of $20.72.
- RSI Value: 72.4
- COUR Price Action: Shares of Coursera gained 0.2% to close at $9.58 on Wednesday.
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