Top 3 Energy Stocks You May Want To Dump In Q4
Avi Kapoor 2 days ago
MarketsTrading IdeasPre-Market OutlookShort IdeasNews
ExxonMobil, Chevron and ConocoPhillips are overbought, with RSI readings above 70 after strong monthly gains, warning momentum investors.
As of Oct. 29, 2026, three 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.
Exxonmobil Holdings Corp (NYSE:XOM)
- ExxonMobil will report quarterly earnings on Friday. Analysts expect the company to report quarterly earnings of $4.03 per share on revenue of $106.02 billion. The company’s stock gained around 13% over the past month and has a 52-week high of $184.88.
- RSI Value: 79.3
- XOM Price Action: Shares of Exxonmobil rose 1.2% to close at $182.02 on Wednesday.
- Edge Stock Ratings: 92.08 Momentum score with Value at 73.01.
Chevron Corporation (NYSE:CVX)
- On Oct. 27, Chevron’s Australian business signed a new long-term natural gas supply agreement with South32 Worsley Alumina Pty Ltd., extending its longstanding relationship with the alumina producer. The company’s stock gained around 12% over the past month and has a 52-week high of $234.08.
- RSI Value: 77.4
- CVX Price Action: Shares of Chevron gained 0.4% to close at $229.20 on Wednesday.
ConocoPhillips (NYSE:COP)
- On Oct. 27, Piper Sandler analyst John Royall assumed ConocoPhillips with a Neutral rating and announced a price target of $157. The company’s stock gained around 19% over the past month and has a 52-week high of $152.77.
- RSI Value: 79.1
- COP Price Action: Shares of ConocoPhillips rose 0.7% to close at $149.06 on Wednesday.
- Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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