The following stocks (NYSE:CVX, NYSE:BHP and NYSE:KMI) 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’.
Chevron Corp (NYSE:CVX)(Trend analysis) relative strength index stands at 21.5. Chevron Corp (NYSE:CVX) stock is currently trading 29.85% below its 52-week-high, 0.31% above its 52-week-low. The 1-year stock price history is in the range of $94.48 – $135.1. Chevron Corp (CVX) has a price to earnings ratio of 10.35 versus Basic Materials sector average of 38.56. Chevron Corp is currently valued at $178.21 billion. The stock has a 50-day moving average of $101.46 and a 200-day moving average of $106.08.
There are currently twenty-six analysts that cover Chevron Corp stock. Of those twenty-six, eight have a Buy rating, fifteen have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $112.93.
The stock closed last trading session at $94.77, down by -1.15%.
BHP Billiton Ltd (ADR) (NYSE:BHP)(Trend analysis) relative strength index is at the level of 26.94. The company’s shares were traded at $39.59, down by -4.12%, with a volume of 3,834,410 shares against an average volume for the last 3 months of 2,145,410. This represents a volume multiple of 1.79.
BHP Billiton Ltd (ADR) (BHP) current short interest stands at 13.43 million shares. It has decreased by 5% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.16 million shares, the number of days required to cover the short positions stand at 6.3 days.
A recent stock analyst activity consisted of Credit Suisse upgrading their Underperform rating to Neutral on June 24.
Kinder Morgan Inc (NYSE:KMI)(Trend analysis) relative strength index is evolving around the 22 level. The stock closed last trading session at $37.5, down by -1.39%, with a volume of 9,539,144 shares compared to an average volume for the last 3 months of 10,097,200. The year-to-date performance of the stock stands at -10.4%.
Kinder Morgan Inc (KMI) current short interest stands at 71.2 million shares. It has decreased by 3% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 13.51 million shares, the number of days required to cover the short positions stand at 5.3 days.