Top 3 Real Estate Stocks That May Plunge This Quarter

As of Dec. 2, 2024, three stocks in the real estate 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.

Zillow Group Inc Z

On Nov. 27, Craig-Hallum analyst Jason Kreyer maintained Zillow with a Buy and raised the price target from $70 to $95. The company's stock gained around 40% over the past month and has a 52-week high of $86.88.
RSI Value: 74.94
Z Price Action: Shares of Zillow fell 0.9% to close at $84.71 on Friday.

Howard Hughes Holdings Inc HHH

On Nov. 4, Howard Hughes reported better-than-expected third-quarter sales results and a year-over-year increase in EPS results. The company's stock gained around 14% over the past month and has a 52-week high of $87.77.
RSI Value: 71.70
HHH Price Action: Shares of Howard Hughes Holdings fell 0.2% to close at $86.74 on Wednesday.

Macerich Co MAC

On Nov. 26, Macerich priced an upsized $395 million public offering of 20 million common shares at $19.75 per share. The company's stock gained around 14% over the past month and has a 52-week high of $21.71.
RSI Value: 74.87
MAC Price Action: Shares of Macerich gained 0.3% to close at $21.21 on Friday.

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