As of March 23, 2026, two stocks in the materials 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.

Sasol Ltd (NYSE:SSL)

  • On Jan. 22, Sasol raised its six-month performance fuel sales guidance about FY25. The company's stock gained around 40% over the past month and has a 52-week high of $12.67.
  • RSI Value: 79.8                                
  • SSL Price Action: Shares of Sasol traded at $12.25 on Monday.
  • Edge Stock Ratings: 98.28 Momentum score with Value at 99.36.

China Natural Resources Inc (NASDAQ:CHNR)

  • On March 20, China Natural Resources announced a non-binding Letter of Intent to acquire a significant stake in Hong Kong-based HooRii Technology for an estimated $37 million to $40 million in cash and stock. The proposed deal is subject to due diligence, regulatory approvals, and other conditions. The company said there is no guarantee the transaction will be completed. The company's stock gained around 41% over the past five days and has a 52-week high of $8.20.
  • RSI Value: 75
  • CHNR Price Action: Shares of China Natural Resources rose 3.7% to trade at $4.72 on Monday.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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