As of Nov. 19, 2024, three stocks in the consumer discretionary 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.

Brinker International, Inc. (NYSE:EAT)

• On Oct. 30, Brinker International reported better-than-expected first-quarter financial results and raised its FY25 guidance above estimates. "Great food, with great service at industry leading value is driving strong Chili's sales and traffic," said President and CEO, Kevin Hochman. The company's stock gained around 31% over the past month and has a 52-week high of $123.66.
• RSI Value: 81.03                              
• EAT Price Action: Shares of Brinker gained 4.6% to close at $122.90 on Monday.

Service Corporation International (NYSE:SCI)

DoorDash Inc (NASDAQ:DASH)

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