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 March 23, James Hardie Industries entered into an agreement to acquire The AZEK Company Inc. (NYSE:AZEK) in a transaction valued at $8.75 billion. The agreement will be structured with a combination of cash and shares of James Hardie, while also taking on AZEK's net debt of around $386 million. The company's stock fell around 23% over the past month and has a 52-week low of $23.23.
• RSI Value: 25
• JHX Price Action: Shares of James Hardie fell 1.6% to close at $24.25 on Friday.
• Edge Stock Ratings: 12.01 Momentum score with Value at 58.52.

• On March 5, Seaport Global analyst Michael Harrison maintained Minerals Technologies with a Buy rating and lowered the price target from $97 to $92. The company's stock fell around 7% over the past month and has a 52-week low of $62.80.
• RSI Value: 27
• MTX Price Action: Shares of Minerals Technologies fell 2% to close at $63.61 on Friday.
• Benzinga Pro’s charting tool helped identify the trend in MTX stock.

• On Feb. 19, Stepan posted weaker-than-expected quarterly earnings. “While we are disappointed with our overall financial performance in 2024, we advanced our strategic investments and took necessary steps to return the Company to profitable growth.  I am proud of the resilience, hard work and dedication of the entire organization.  Full year Adjusted EBITDA grew 4% versus prior year despite several one-time events that negatively impacted earnings and the pre-operating expenses in our new Pasadena, site,” said Luis E. Rojo, President and Chief Executive Officer. The company's stock fell around 10% over the past month and has a 52-week low of $54.89.
• RSI Value: 28.9
• SCL Price Action: Shares of Stepan fell 3.3% to close at $55.33 on Friday.
• Benzinga Pro’s signals feature notified of a potential breakout in SCL shares.