Top 3 Energy Stocks Which Could Rescue Your Portfolio In June
Author: Avi Kapoor | June 18, 2024 08:42am
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.
On June 17, Nabors announced amendment and restatement of $475 million credit facility. The company's stock fell around 22% over the past month and has a 52-week low of $59.90.
RSI Value: 29.33
NBR Price Action: Shares of Nabors Industries rose 1.5% to close at $61.79 on Monday.
On June 14, Piper Sandler analyst Ryan Todd maintained Delek US Hldgs with a Neutral and lowered the price target from $30 to $25. The company's stock fell around 15% over the past month. It has a 52-week low of $21.68.
RSI Value: 25.02
DK Price Action: Shares of Delek US Holdings fell 0.5% to close at $23.96 on Monday.
A federal judge has dismissed Exxon Mobil's lawsuit against activist shareholder Arjuna Capital over a climate proposal. The company's stock fell around 4% over the past five days and has a 52-week low of $95.77.
RSI Value: 29.21
XOM Price Action: Shares of Exxon Mobil fell 0.7% to close at $108.36 on Monday.
