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.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
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On Jan. 15, JP Morgan analyst Zach Parham maintained Delek US with a Neutral and lowered the price target from $42 to $38. The company’s stock fell around 9% over the past month and has a 52-week low of $11.02.
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RSI Value: 29.9
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DK Price Action: Shares of Delek US Holdings fell 3.8% to close at $29.01 on Thursday.
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Edge Stock Ratings: 71.40 Momentum score.
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On Jan. 8, UBS analyst Josh Silverstein maintained Expand Energy with a Buy and lowered the price target from $154 to $150. The company’s stock fell around 7% over the past month and has a 52-week low of $91.02.
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RSI Value: 28.7
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EXE Price Action: Shares of Expand Energy dipped 1.9% to close at $99.52 on Thursday.
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Benzinga Pro’s charting tool helped identify the trend in EXE stock.
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On Jan. 15, XCF Global filed for offering of up to 187.18 million shares of Class A common stock. The company’s stock fell around 65% over the past month and has a 52-week low of $0.12.
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RSI Value: 21.4
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SAFX Price Action: Shares of XCF Global rose 2.8% to close at $0.14 on Thursday.
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Benzinga Pro’s signals feature notified of a potential breakout in SAFX shares.
Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.
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