The following stocks (NYSE:OIS, NYSE:UPL and NYSE:VHI) 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’.
Oil States International Inc (NYSE:OIS)(Trend analysis) relative strength index stands at 26.72. Oil States International Inc (NYSE:OIS) stock is currently trading 45.33% below its 52-week-high, 3.54% above its 52-week-low. The 1-year stock price history is in the range of $34.35 – $65.05. Oil States International Inc (OIS) has a price to earnings ratio of 14.99 versus Basic Materials sector average of 38.56. Oil States International Inc is currently valued at $1.83 billion. The stock has a 50-day moving average of $40.32 and a 200-day moving average of $42.45.
There are currently eighteen analysts that cover Oil States International Inc stock. Of those eighteen, seven have a Buy rating, eleven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $44.29.
The stock closed last trading session at $35.565, up by 1.09%.
Ultra Petroleum Corp (NYSE:UPL)(Trend analysis) relative strength index is at the level of 25.32. The company’s shares were traded at $11.515, up by 3.65%, with a volume of 2,604,596 shares against an average volume for the last 3 months of 2,269,020. This represents a volume multiple of 1.15.
Ultra Petroleum Corp (UPL) current short interest stands at 25.9 million shares. It has decreased by 5% from the same period of last month. Around 18% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.6 million shares, the number of days required to cover the short positions stand at 10 days.
A recent stock analyst activity consisted of Raymond James upgrading their Underperform rating to Market Perform on May 1.
Valhi Inc (NYSE:VHI)(Trend analysis) relative strength index is evolving around the 19 level. The stock closed last trading session at $4.71, down by -2.28%, with a volume of 215,277 shares compared to an average volume for the last 3 months of 75,482. The year-to-date performance of the stock stands at -15.58%.
Valhi Inc (VHI) current short interest stands at 1.32 million shares. It has increased by 4% 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 0.15 million shares, the number of days required to cover the short positions stand at 9.1 days.