Top 2 Energy Stocks That May Plunge In January

As of Jan. 17, 2025, two stocks in the energy 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.

Williams Companies Inc WMB

• On Jan. 10, Barclays analyst Christine Cho maintained Williams Companies with an Equal-Weight and raised the price target from $46 to $56. Scotiabank analyst Holly Stewart reinstated Williams Companies with a Sector Perform and announced a $51 price target. The company's stock surged around 10% over the past month and has a 52-week high of $60.36.
• RSI Value: 73.4                                
• WMB Price Action: Shares of Williams Companies gained 2% to close at $59.18 on Thursday.

Nextdecade Corp NEXT

• On Jan. 6, NextDecade announced a $175 million senior secured loan. The company's stock gained around 35% over the past month and has a 52-week high of $9.11.
• RSI Value: 80.5
• NEXT Price Action: Shares of Nextdecade gained 11.6% to close at $9.04 on Thursday.

Read This Next:

• SLB, J.B. Hunt Transport And 3 Stocks To Watch Heading Into Friday