Top 4 Financial Stocks That May Crash 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.

StoneCo Ltd. STNE

  • StoneCo reported better-than-expected Q4 adjusted EPS and sales results. The company’s stock has a 52-week high of $12.63 .
  • RSI Value: 70.50
  • STNE Price Action: Shares of StoneCo gained 0.6% to close at $11.80 on Tuesday.

Fiserv, Inc. FISV

  • Fiserv reported Q1 2023 revenue growth of 10% Y/Y to $4.55 billion, beating the consensus of $4.19 billion. "Our strong first quarter results reflect our leadership position and focused execution in an uncertain economic environment," said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. The company’s stock has a 52-week high of $122.39.
  • RSI Value: 70.94
  • FISV Price Action: Shares of Fiserv gained 2.4% to close at $120.09 on Tuesday.

Arthur J. Gallagher & Co. AJG

  • Arthur J. Gallagher & Co. acquired Boley-Featherston Insurance. The company has a 52-week high of $208.60.
  • RSI Value: 71.13
  • AJG Price Action: Shares of Arthur J. Gallagher fell 0.1% to close at $207.19 on Tuesday.

SiriusPoint Ltd. SPNT

  • Dan Loeb of Third Point Capital recently said the company 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: 70.76
  • SPNT Price Action: Shares of SiriusPoint fell 0.8% to close at $9.19 on Tuesday.

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