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.

• Commercial Metals will report its first quarter earnings on Monday, Jan. 6, 2025. The company's stock fell around 2% over the past five days and has a 52-week low of $45.55.
• RSI Value: 28.93                        
• CMC Price Action: Shares of Commercial Metals fell 0.8% to close at $61.75 on Tuesday.
• Benzinga Pro's real-time newsfeed alerted to latest CMC news.

• On Dec. 3, Madison Square Garden Entertainment repurchased $25 million of MSGE Class A common stock. The company's stock fell around 8% over the past five days and has a 52-week low of $30.10.
• RSI Value: 29.89
• MSGE Price Action: Shares of Madison Square Garden fell 3.6% to close at $35.59 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in MSGE stock.

• On Dec. 9, Omnicom Group agreed to acquire Interpublic Group of Companies, Inc (NYSE:IPG) in a stock-for-stock transaction. Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock. The company's stock fell around 11% over the past five days and has a 52-week low of $82.26.
• RSI Value: 28.93
• OMC Price Action: Shares of Omnicom fell 0.4% to close at $92.46 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in OMC shares.