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.

• On Sept. 13, Paranovus Entertainment Technology filed for offering of 60 million Class A ordinary shares offered by selling shareholders. The company has a 52-week high of $2.97.
• RSI Value: 84.37                              
• PAVS Price Action: Shares of Paranovus Entertainment gained 1.4% to close at $1.42 on Thursday.

• On Dec. 5, Duckhorn Portfolio posted in-line quarterly earnings. “We are pleased to begin fiscal 2025 with strong financial performance. Our growth continues to outpace the industry as our teams remain focused on advancing our strategic initiatives,” said Deirdre Mahlan, President, CEO and Chairperson. “We believe our distinctive brands, operational excellence and market-leading performance leave us well positioned to deliver long-term growth and profitability.” The company's stock gained around 48% over the past six months and has a 52-week high of $11.10.
• RSI Value: 76.78
• NAPA Price Action: Shares of Duckhorn Portfolio climbed 0.1% to close at $11.09 on Thursday.