As of June 6, 2024, four stocks in the consumer staples 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.
Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC)
On May 9, Natural Grocers posted an increase in quarterly sales. "Second quarter results were outstanding as we delivered record quarterly sales, margin expansion, and significant earnings growth. Daily average comparable store sales accelerated to 7.5%, driven by a 3.9% increase in transaction size, including item count growth, and a 3.5% increase in transaction count," said Kemper Isely, Co-President. The company's stock gained around 21% over the past month and has a 52-week high of $21.95.
RSI Value: 70.92
NGVC Price Action: Shares of Natural Grocers by Vitamin Cottage fell 0.8% to close at $21.42 on Wednesday.
Philip Morris International Inc. (NYSE:PM)
On June 4, Philip Morris International revised its 2024 full-year for currency-only earnings per share forecast. For currency only, the company projects reported earnings per share of $5.77 to $5.89 (prior view: $5.70 to $5.82) at prevailing exchange rates. The company's stock gained around 4% over the past five days and has a 52-week high of $104.24.
RSI Value: 71.31
PM Price Action: Shares of Philip Morris International rose 0.3% to close at $104.07 on Wednesday.
Walmart Inc (NYSE:WMT)
On June 3, Evercore ISI Group analyst Greg Melich maintained Walmart with an Outperform rating and raised the price target from $70 to $72. The company's stock gained around 12% over the past month and has a 52-week high of $67.15.
RSI Value: 77.97
WMT Price Action: Shares of Walmart gained 0.7% to close at $67.09 on Wednesday.
Vital Farms, Inc. (NASDAQ:VITL)
On May 9, Vital Farms reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates. "2024 is off to a very strong start with record net revenue in the first quarter of $147.9 million, reflecting net revenue growth of 24.1%. Thanks to our stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, crew members, and stockholders, we are able to succeed in our mission of bringing ethical food to the table," said Russell Diez-Canseco, Vital Farms' President and CEO. The company's stock jumped around 54% over the past month and has a 52-week high is $44.81.
RSI Value: 71.39
VITL Price Action: Shares of Vital Farms gained 3.9% to close at $44.64 on Wednesday.
截至2024年6月6日，必需消費品板塊的四隻股票可能會向將動量視爲交易決策關鍵標準的投資者發出真正的警告。
RSI是一個動量指標，它比較股票在價格上漲的日子裏的走強與價格下跌的日子的走強。與股票的價格走勢相比，它可以讓交易者更好地了解股票在短期內的表現。根據Benzinga Pro的數據，當相對強弱指數高於70時，資產通常被視爲超買。
以下是該行業主要超買參與者的最新名單。
維他命小屋公司（紐約證券交易所代碼：NGVC）的天然雜貨商
5月9日，天然雜貨商公佈季度銷售額增長。“第二季度的業績非常出色，因爲我們實現了創紀錄的季度銷售額、利潤增長和顯著的收益增長。聯席總裁肯珀·艾斯利說，受交易規模增長3.9％（包括商品數量增長）和3.5％的交易數量增長的推動，每日可比門店的平均銷售額加速至7.5％。該公司的股票在過去一個月中上漲了約21％，創下52周高點21.95美元。
RSI 值：70.92
NGVC價格走勢：維他命小屋的天然雜貨商股價週三下跌0.8％，收於21.42美元。
菲利普·莫里斯國際公司（紐約證券交易所代碼：PM）
沃爾瑪公司（紐約證券交易所代碼：WMT）
Vital Farms, Inc.（納斯達克股票代碼：VITL）
5月9日，Vital Farms公佈了好於預期的第一季度銷售業績，併發布了高於預期的24財年收入指導。“2024年開局非常強勁，第一季度淨收入創紀錄的1.479億美元，反映了24.1％的淨收入增長。多虧了我們的利益相關者，包括農民和供應商、客戶和消費者、社區和環境、工作人員和股東，我們才能夠成功實現將合乎道德的食品帶到餐桌上的使命。” Vital Farms總裁兼首席執行官羅素·迪茲-坎塞科說。該公司的股票在過去一個月中上漲了約54％，創52周高點爲44.81美元。
RSI 值：71.39
VITL價格走勢：週三，Vital Farms的股價上漲3.9％，收於44.64美元。
