The following stocks (NYSE:VSLR, NASDAQ:DIOD and NASDAQ:PLUG) 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’.
Vivint Solar Inc (NYSE:VSLR)(Trend analysis) relative strength index stands at 19.42. Vivint Solar Inc (NYSE:VSLR) stock is currently trading 41.53% below its 52-week-high, 47.44% above its 52-week-low. The 1-year stock price history is in the range of $7.42 – $18.71. Vivint Solar Inc (VSLR) has a price to book ratio of 2.49 versus Technology sector average of 2.67. Vivint Solar Inc is currently valued at $1.16 billion. The stock has a 50-day moving average of $13.63 and a 200-day moving average of $11.41.
There are currently seven analysts that cover Vivint Solar Inc stock. Of those seven, six have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $19.86.
The stock closed last trading session at $10.94, down by -6.17%.
Diodes Inc (NASDAQ:DIOD)(Trend analysis) relative strength index is at the level of 27.31. The company’s shares were traded at $23.89, down by -0.91%, with a volume of 255,338 shares against an average volume for the last 3 months of 173,021. This represents a volume multiple of 1.48.
Diodes Inc (DIOD) current short interest stands at 7.73 million shares. It has increased by 14% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.26 million shares, the number of days required to cover the short positions stand at 29.4 days.
A recent stock analyst activity consisted of Longbow Research upgrading their Buy rating to Neutral on June 5.
Plug Power Inc (NASDAQ:PLUG)(Trend analysis) relative strength index is evolving around the 25 level. The stock closed last trading session at $2.32, down by -1.28%, with a volume of 4,143,646 shares compared to an average volume for the last 3 months of 2,697,090. The year-to-date performance of the stock stands at -13.35%.
Plug Power Inc (PLUG) current short interest stands at 31.68 million shares. It has increased by 2% from the same period of last month. Around 19% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.71 million shares, the number of days required to cover the short positions stand at 11.7 days.