The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

• On Nov. 13, DMC Global said Michael Kuta will retire as President, CEO and as a member of the board, effective Nov. 29. James O’Leary will serve as Interim President & CEO. The company's stock fell around 35% over the past month and has a 52-week low of $7.96.
• RSI Value: 28.02                        
• BOOM Price Action: Shares of Dmc Global rose 1.1% to close at $8.23 on Thursday.
• Benzinga Pro's real-time newsfeed alerted to latest BOOM news.

• On Nov. 7, Tidewater reported worse-than-expected third-quarter financial results and issued FY24 revenue below estimates. Quintin Kneen, Tidewater’s President and Chief Executive Officer, said, “Third quarter revenue of $340.4 million and gross margin of 47.2% came in as expected, with our consolidated average day rate up over 5% to $22,275. In particular, the average day rate and average leading-edge day rates in our large PSV and anchor handler fleets continued to show sequential quarterly improvement.” The company's stock fell around 16% over the past month and has a 52-week low of $52.61.
• RSI Value: 28.57
• TDW Price Action: Shares of Tidewater gained 0.2% to close at $53.19 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in TDW stock.

• On Nov. 6, Ardmore Shipping reported quarterly earnings of 55 cents per share which missed the analyst consensus estimate of 62 cents per share. The company reported quarterly sales of $96.118 million which beat the analyst consensus estimate of $74.252 million. The company's stock fell around 28% over the past month and has a 52-week low of $11.85.
• RSI Value: 11.32
• ASC Price Action: Shares of Ardmore Shipping rose 0.1% to close at $11.95 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in ASC shares.

• On Nov. 7, TORM reported quarterly earnings of $1.38 per share which missed the analyst consensus estimate of $1.51 per share. The company reported quarterly sales of $372.100 million which beat the analyst consensus estimate of $285.996 million. The company's shares lost around 21% over the past month. The company's 52-week low is $22.77.
• RSI Value: 20.94
• TRMD Price Action: Shares of Torm fell 0.4% to close at $23.63 on Thursday.
• Benzinga Pro's earnings calendar was used to track upcoming TRMD earnings reports.