The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
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 oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Presidio Production Co (NYSE:FTW)
- On Aug. 11, Presidio Production posted weaker-than-expected sales for the second quarter. “Our second quarter results reflect continued execution across the business,” said Will Ulrich, Chairman and Co-CEO. The company’s stock fell around 4% over the past five days and has a 52-week low of $9.50.
- RSI Value: 25.2
- FTW Price Action: Shares of Presidio Production fell 0.6% to close at $10.88 on Monday.
- Edge Stock Ratings: Value at 73.49.
Rubico Inc (NASDAQ:RUBI)
- On Aug. 17, Rubico announced a net loss of $1.1 million and revenues of $9.7 million for the six months ended June 30. The company’s stock fell around 23% over the past month and has a 52-week low of $1.65.
- RSI Value: 27.8
- RUBI Price Action: Shares of Rubico gained 5.3% to close at $1.80 on Monday.
- Benzinga Pro’s charting tool helped identify the trend in RUBI stock.
Vivakor inc (NASDAQ:VIVK)
- On Aug. 19, Vivakor posted a second-quarter loss of $13.35 per share, versus a year-ago loss of 30 cents per share. The company’s stock fell around 57% over the past month and has a 52-week low of $0.77.
- RSI Value: 24.9
- VIVK Price Action: Shares of Vivakor fell 6.5% to close at $0.78 on Monday.
- Benzinga Pro’s signals feature notified of a potential breakout in VIVK shares.
Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.
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