As of Oct. 1, 2026, three 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.
CVR Energy, Inc. (NYSE:CVI)
- On July 29, CVR Energy reported better-than-expected second-quarter sales results. “CVR Energy posted another quarter of strong operating results across our system, with crude utilization of 98 percent and ammonia plant utilization of 99 percent,” said Dane Neumann, CVR Energy’s Chief Executive Officer. The company’s stock gained around 26% over the past month and has a 52-week high of $55.19.
- RSI Value: 73.2
- CVI Price Action: Shares of CVR Energy gained 5.7% to trade at $54.04 on Thursday.
- Edge Stock Ratings: 96.34 Momentum score with Value at 48.93.
Okeanis Eco Tankers Corp (NYSE:ECO)
- On Aug. 4, Okeanis Eco Tankers posted upbeat quarterly earnings. The company’s stock gained around 25% over the past month and has a 52-week high of $87.31.
- RSI Value: 70.1
- ECO Price Action: Shares of Okeanis Eco Tankers gained 4.4% to trade at $84.61 on Thursday.
San Juan Basin Royalty Trust (NYSE:SJT)
- On May 14, San Juan Basin Royalty posted a first-quarter loss of 1 cent per share. The company’s stock gained around 34% over the past month and has a 52-week high of $6.61.
- RSI Value: 74.7
- SJT Price Action: Shares of San Juan Basin Royalty Trust rose 5% to trade at $3.83 on Thursday.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
Photo via Shutterstock
Login to comment