AQN, BEP-UN and NPI – RSIs

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Hi Mat and Dan,

I hope you’re having a nice weekend.

Should we be looking for a potential pull back for AQN, BEP-UN and NPI given their high RSIs?

Thanks so much!

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Asked on October 4, 2020 8:05 pm
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Hi Vanessa,

The A 14-day RSI above 70 is typically a sign that the company's stock price may be due for a pullback. As it stands all of those are currently in 'overbought' territory and yes - could be due for a pull back. Important to note, that stocks can stay in overbought territory for some time. In this case, i see BEP with an RSI above 80 as the most likely candidate for a short term dip.

Mat

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Posted by Mathieu Litalien
Answered on October 5, 2020 4:21 am
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