The following stocks (NYSE:AR, NYSE:HP and NYSE:TCK) are oversold as their Relative Strength index (RSI) is below 30. Indeed, the RSI is one of the most popular technical indicators and is computed on the basis of the speed and direction of a stock’s price movement, generally in a 14-day window. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days. This implies that the RSI can also be used to identify the overbought/oversold levels. Most technical analysts consider the RSI value above 70 as ‘overbought zone’ and below 30 as ‘oversold zone’.
Antero Resources Corp (NYSE:AR)(Trend analysis) relative strength index stands at 24.81. Antero Resources Corp (NYSE:AR) stock is currently trading 48.63% below its 52-week-high, 5.39% above its 52-week-low. The 1-year stock price history is in the range of $31.33 – $64.28. Antero Resources Corp (AR) has a price to earnings ratio of 7.47 versus Basic Materials sector average of 38.56. Antero Resources Corp is currently valued at $9.15 billion. The stock has a 50-day moving average of $37.51 and a 200-day moving average of $38.71.
There are currently twenty-nine analysts that cover Antero Resources Corp stock. Of those twenty-nine, nineteen have a Buy rating, nine have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $48.11.
The stock closed last trading session at $33.02, up by 2.23%.
Helmerich & Payne Inc (NYSE:HP)(Trend analysis) relative strength index is at the level of 27.96. The company’s shares were traded at $65.62, up by 0.18%, with a volume of 3,413,614 shares against an average volume for the last 3 months of 1,721,020. This represents a volume multiple of 1.98.
Helmerich & Payne Inc (HP) current short interest stands at 11.69 million shares. It has increased by 9% from the same period of last month. Around 12% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.85 million shares, the number of days required to cover the short positions stand at 6.4 days.
A recent stock analyst activity consisted of Jefferies reiterating their Hold stance on June 30. Jefferies decreased price target from $71 to $68.
Teck Resources Ltd (NYSE:TCK)(Trend analysis) relative strength index is evolving around the 29 level. The stock closed last trading session at $9.65, up by 2.77%, with a volume of 12,389,126 shares compared to an average volume for the last 3 months of 4,449,780. The year-to-date performance of the stock stands at -0.93%.
Teck Resources Ltd (TCK) current short interest stands at 29.46 million shares. It has decreased by 3% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.31 million shares, the number of days required to cover the short positions stand at 5.6 days.