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 Feb. 12, Nabors Industries reported worse-than-expected fourth-quarter financial results. Anthony G. Petrello, Nabors Chairman, CEO and President, commented, “We are looking forward to adding Parker to the Nabors portfolio. Our integration planning reinforces the Parker attributes that we identified earlier. We are confident that this acquisition will advance our strategic objectives while creating value for our stakeholders." The company's stock fell around 32% over the past month and has a 52-week low of $44.00.
• RSI Value: 26.9                          
• NBR Price Action: Shares of Nabors fell 2.4% to close at $46.08 on Tuesday.
• Benzinga Pro's real-time newsfeed alerted to latest NBR news.

• On Feb. 5, Helmerich & Payne missed first-quarter revenue expectations. President and CEO John Lindsay commented, “During the first fiscal quarter of 2025, the Company executed at a high level on multiple fronts. Our NAS segment maintained its industry leading position with a financial performance and a stable rig count reflecting the value proposition we are providing to customers. In our International Solutions segment, we completed the exportation of eight rigs into Saudi Arabia during the quarter, three of which have spud. We are looking forward to more of those rigs commencing operations in the coming months. The company's stock fell around 28% over the past month and has a 52-week low of $25.69.
• RSI Value: 27.2
• HP Price Action: Shares of Helmerich and Payne fell 1% to close at $26.27 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in HP stock.