Top 3 Utilities Stocks That May Fall Off A Cliff This Quarter
Benzinga·10/23/2026 12:45:08
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As of Oct. 23, 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.
Consolidated Edison Inc (NYSE:ED)
- On Oct. 22, HSBC analyst Meike Becker initiated coverage on Consolidated Edison with a Hold rating and announced a price target of $104. The company’s stock gained around 12% over the past month and has a 52-week high of $116.36.
- RSI Value: 80.5
- ED Price Action: Shares of Consolidated Edison rose 4% to close at $116.26 on Thursday.
- Edge Stock Ratings: 59.75 Momentum score with Value at 78.04.
Southern Co (NYSE:SO)
- On Oct. 22, HSBC analyst Meike Becker initiated coverage on Southern with a Buy rating and announced a price target of $99.5. The company’s stock gained around 10% over the past month and has a 52-week high of $99.58.
- RSI Value: 80.2
- SO Price Action: Shares of Southern rose 3.8% to close at $93.82 on Thursday.
Atmos Energy Corp (NYSE:ATO)
- On Oct. 21, Morgan Stanley analyst Stephen Byrd maintained Atmos Energy with an Equal-Weight rating and raised the price target from $179 to $182. The company’s stock gained around 11% over the past month and has a 52-week high of $192.51.
- RSI Value: 79.5
- ATO Price Action: Shares of Atmos Energy rose 4.2% to close at $173.91 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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