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 Jan. 16, PureCycle provided an update for its Ironton production facility and said in the last two weeks, it produced 183,000 pounds of pellets. The company’s stock gained around 32% over the past five days and has a 52-week high of $11.89 .
• RSI Value: 70.28
• PCT Price Action: Shares of PureCycle Technologies gained 4.3% to close at $5.89 on Tuesday.

• IperionX is on course to commercially scale its titanium metal production. With its HAMR titanium furnace ready for U.S. installation in early 2024 and aiming to start production by mid-year, IperionX has made significant strides in its titanium production capabilities. The company’s stock gained around 38% over the past month and has a 52-week high of $18.57
• RSI Value: 72.51
• IPX Price Action: Shares of IperionX fell 3.2% to close at $14.62 on Tuesday.