As of March 16, 2026, two stocks in the energy 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.

Sable Offshore Corp (NYSE:SOC)

  • Sable Offshore shares traded lower on Friday morning after a federal judge ordered the Trump administration to turn over communications with the company as part of a legal fight over approvals tied to its California pipeline system. On Feb. 27, Sable Offshore posted a narrower-than-expected quarterly loss. The company's stock gained around 94% over the past month and has a 52-week high of $35.00.
  • RSI Value: 79.1                                
  • SOC Price Action: Shares of Sable Offshore fell 3.6% to close at $16.83 on Friday.
  • Edge Stock Ratings: 6.66 Momentum score.

BP PLC (NYSE:BP)

  • On March 12, Piper Sandler analyst Ryan Todd maintained BP with a Neutral and raised the price target from $44 to $47. The company's stock gained around 14% over the past month and has a 52-week high of $42.83.
  • RSI Value: 72.5
  • BP Price Action: Shares of BP rose 1.2% to close at $42.67 on Friday.

Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.

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