The following stocks (NYSE:SM, NYSE:BTE and NYSE:CCJ) 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’.
SM Energy Co (NYSE:SM)(Trend analysis) relative strength index stands at 28.94. SM Energy Co (NYSE:SM) stock is currently trading 57.96% below its 52-week-high, 29.21% above its 52-week-low. The 1-year stock price history is in the range of $29.41 – $90.38. SM Energy Co (SM) has a price to earnings ratio of 4.71 versus Basic Materials sector average of 39.76. SM Energy Co is currently valued at $2.56 billion. The stock has a 50-day moving average of $46.69 and a 200-day moving average of $47.57.
There are currently twenty-three analysts that cover SM Energy Co stock. Of those twenty-three, twelve 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 $63.12.
The stock closed last trading session at $38, down by -5.89%.
Baytex Energy Corp (NYSE:BTE)(Trend analysis) relative strength index is at the level of 21.41. The company’s shares were traded at $12.26, down by -4.74%, with a volume of 866,073 shares against an average volume for the last 3 months of 648,606. This represents a volume multiple of 1.34.
Baytex Energy Corp (BTE) current short interest stands at 7.81 million shares. It has increased by 12% 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 0.76 million shares, the number of days required to cover the short positions stand at 10.4 days.
A recent stock analyst activity consisted of Veritas Investment downgrading their Buy rating to Sell on May 6.
Cameco Corporation (NYSE:CCJ)(Trend analysis) relative strength index is evolving around the 29 level. The stock closed last trading session at $13.26, down by -2.64%, with a volume of 2,171,955 shares compared to an average volume for the last 3 months of 1,724,400. The year-to-date performance of the stock stands at -24.03%.
Cameco Corporation (CCJ) current short interest stands at 3.16 million shares. It has decreased by 19% 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 1.84 million shares, the number of days required to cover the short positions stand at 1.8 days.