As of April 30, 2026, 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.

Nabors Industries Ltd (NYSE:NBR)

  • On April 28, Nabors Industries posted better-than-expected quarterly results. Anthony G. Petrello, Nabors Chairman, CEO and President, said, “The conflict in the Middle East and its broader implications across global energy markets continue to reinforce the value of Nabors’ portfolio and geographic diversification. While our business in that region was only modestly impacted in the first quarter, we are well positioned to respond to changes in activity levels across our markets, supported by our global fleet and operational flexibility.” The company's stock gained around 20% over the past five days and has a 52-week high of $105.17.
  • RSI Value: 81.9                                
  • NBR Price Action: Shares of Nabors Industries gained 11.3% to close at $104.18 on Wednesday.
  • Edge Stock Ratings: 91.92 Momentum score with Value at 93.51.

NGL Energy Partners LP (NYSE:NGL)

  • On April 9, NGL Energy Partners authorized a $100 million unit buyback program. The company's stock gained around 32% over the past month and has a 52-week high of $16.37.
  • RSI Value: 84.2
  • NGL Price Action: Shares of NGL Energy Partners gained 3.5% to close at $16.27 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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