As of Aug. 14, 2026, three stocks in the information technology 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.

Elastic NV (NYSE:ESTC)

  • On Aug. 13, Oppenheimer analyst Ittai Kidron maintained the stock with an Outperform rating and raised the price target from $75 to $100. The company’s stock gained around 38% over the past month and has a 52-week high of $96.06.
  • RSI Value: 88.7                                
  • ESTC Price Action: Shares of Elastic rose 11.5% to close at $86.03 on Thursday.
  • Edge Stock Ratings: 90.73 Momentum score with Value at 7.21.

Everpure Inc (NYSE:P)

  • On Aug. 10, Everpure announced a design win and supply agreement with a second top-five hyperscaler.. The company’s stock gained around 52% over the past month and has a 52-week high of $118.81.
  • RSI Value: 85.8
  • P Price Action: Shares of Everpure gained 5.3% to close at $117.35 on Thursday.

Atlassian Corp (NASDAQ:TEAM)

  • On Aug. 6, Atlassian reported better-than-expected fourth-quarter financial results and issued FY27 sales guidance above estimates. “Q4 closes out a year that proves our long-term strategy is paying off. Total revenue grew 28% year-over-year to $1.8 billion, Cloud revenue growth accelerated to 31% year-over-year, and our MCP server and Teamwork Graph CLI surpassed one million monthly active users, more than doubling in a single quarter,” Atlassian CEO Mike Cannon-Brookes said. The company’s stock gained around 86% over the past month and has a 52-week high of $184.00.
  • RSI Value: 84.9
  • TEAM Price Action: Shares of Atlassian gained 6.9% to close at $165.98 on Thursday.

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