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 Oct. 31, Entergy reported better-than-expected quarterly earnings and raised FY24 EPS outlook.. “We achieved outstanding results across operational, regulatory, resilience, and growth dimensions,” said Drew Marsh, Entergy Chair and Chief Executive Officer. “These outcomes are the result of strong execution and leveraging a stakeholder engagement model that starts with the customer and ensures value is created for all stakeholders.” The company's stock gained around 16% over the past month and has a 52-week high of $156.85.
• RSI Value: 90.51                              
• ETR Price Action: Shares of Entergy gained 15.2% to close at $154.78 on Thursday.

• On Oct. 31, Xcel Energy posted downbeat quarterly earnings. “The U.S. energy industry is on the cusp of its biggest transition in a century,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “The unprecedented energy demand to power new technologies, grow U.S.-based manufacturing and support the electrification of our daily lives requires a fundamental shift in how our industry generates and delivers energy, while ensuring our infrastructure is designed to withstand severe weather events and other risks.” The company's stock gained around 2% over the past five days and has a 52-week high of $67.73.
• RSI Value: 75.43
• XEL Price Action: Shares of Xcel Energy gained 6% to close at $66.81 on Thursday.