Top 5 Financial Stocks That May Collapse In April


The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.

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.

Here’s the latest list of major overbought players in this sector.

Marpai, Inc. MRAI

  • Marpai posted better-than-expected quarterly sales. The company’s stock has a 52-week high of $2.03 .
  • RSI Value: 80.89
  • MRAI Price Action: Shares of Marpai jumped 90.2% to close at $1.63 on Thursday.

Ryvyl Inc. RVYL

  • RYVYL announced it has initiated a spin-off plan for wholly-owned subsidiary coyni inc. The company’s stock has a 52-week high of $4.29.
  • RSI Value: 73.88
  • RVYL Price Action: Shares of Ryvyl rose 0.3% to close at $0.6290 on Thursday.

CNFinance Holdings Limited CNF

  • CNFinance Holdings posted a profit for the fourth quarter. "The year 2022 is another important year in the history of CNFinance. In 2022, China's real estate market continued to face downward pressures, and we have experienced the adjustment to China's pandemic prevention and control policies," said Mr.Zhai Bin, Chairman and CEO of CNFinance. The company has a 52-week high of $3.37.
  • RSI Value: 76.47
  • CNF Price Action: Shares of CNFinance Holdings rose 046% to close at $2.68 on Thursday.

SiriusPoint Ltd. SPNT

  • Dan Loeb of Third Point Capital said SiriusPoint may be best positioned to execute on its turnaround strategy as a privately held company. The company’s 52-week high is $9.68.
  • RSI Value: 77.54
  • SPNT Price Action: Shares of SiriusPoint rose 2.2% to close at $9.40 on Thursday.

Pintec Technology Holdings Limited PT

  • Pintec regained compliance with Nasdaq minimum bid price requirement. The company has a 52-week high of $3.60.
  • RSI Value: 75.24
  • PT Price Action: Shares of Pintec Technology rose 4.8% to settle at $1.32 on Thursday.

Read More: Wall Street's Most Accurate Analysts Say Hold These 3 Industrials Stocks Delivering High-Dividend Yields

Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksShort IdeasSmall CapPre-Market OutlookMarketsTrading IdeasExpert Ideasfinancial stocksOverbought stocksRSI
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!