As of March 17, 2025, two stocks in the utilities 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.
On Feb. 26, Consolidated Water ( CWCO ) announced that its board of directors has approved a quarterly cash dividend of 11 cents per share for the second quarter of 2025. The company's stock gained around 6% over the past five days and has a 52-week high of $33.34.
RSI Value: 71.2
CWCO Price Action: Shares of Consolidated Water ( CWCO ) gained 2.8% to close at $29.18 on Friday.
The company's stock gained around 5% over the past five days and has a 52-week high of $8.72.
RSI Value: 72.4
EBR Price Action: Shares of Centrais Eletricas Brasileiras gained 2.6% to close at $7.03 on Friday.
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