As of Jan. 9, 2026, three 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.
Enlight Renewable Energy Ltd (NASDAQ: ENLT )
On Dec. 8, JP Morgan analyst Mark Strouse downgraded Enlight Renewable Energy from Neutral to Underweight and maintained the price target of $35. The company's stock gained around 27% over the past month and has a 52-week high of $51.50 . RSI Value: 71.9 ENLT Price Action: Shares of Enlight Renewable Energy gained 1.6% to close at $50.35 on Thursday. Edge Stock Ratings: 97.50 Momentum score with Value at 12.37.Hawaiian Electric Industries Inc (NYSE: HE )
On Jan. 6, Reuters reported that Hawaiian Electric reached a $47.75 million shareholder settlement over Maui wildfires. The company's stock gained around 11% over the past five days and has a 52-week high of $13.91. RSI Value: 71.1 HE Price Action: Shares of Hawaiian Electric rose 2% to close at $13.66 on Thursday.Ellomay Capital Ltd (NYSE: ELLO )
On Dec. 30, Ellomay Capital posted third-quarter earnings of 93 cents per share, up from 52 cents per share in the year-ago period. The company's stock gained around 27% over the past month and has a 52-week high of $28.49. RSI Value: 75.5 ELLO Price Action: Shares of Ellomay Capital gained 4.9% to close at $28.40 on Thursday.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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ELLO Ellomay Capital Ltd $28.40 4.91% Overview ENLT Enlight Renewable Energy Ltd $49.71 -1.27% HE Hawaiian Electric Industries Inc $13.61 -0.37% Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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