As of Sept. 28, 2026, three stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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.
Here’s the latest list of major overbought players in this sector.
Warner Bros Discovery Inc (NASDAQ:WBD)
- On Sept. 25, Warner Bros. Discovery announced intention to delist Euro notes from Nasdaq Global. The company’s stock gained around 7% over the past month and has a 52-week high of $30.92.
- RSI Value: 75.5
- WBD Price Action: Shares of Warner Bros Discovery gained 0.1% to close at $30.86 on Friday.
VEON Ltd (NASDAQ:VEON)
- On Sept. 25, VEON and Square Group received Bangladesh Bank approval for Digital Bank license. “Financial inclusion is key to eradicating poverty, and today’s approval marks an important step toward that goal in Bangladesh. We’re grateful to Bangladesh Bank and the Government of Bangladesh for their continued support in building the digital financial infrastructure the country needs. Together with Square Group, a trusted and well-established partner, this brings us closer to our commitment to bringing more of Bangladesh’s unbanked population into the formal financial services system,” said Kaan Terzioglu, Group Chief Executive Officer of VEON. The company’s stock gained around 22% over the past month and has a 52-week high of $75.00.
- RSI Value: 79.4
- VEON Price Action: Shares of Veon rose 1.4% to close at $73.52 on Friday.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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