Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
SM Energy Company (NYSE:SM)
- JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $55 to $46. The company’s stock has a 52-week low of $28.91 .
- RSI Value: 27.92
- SM Price Action: Shares of SM Energy fell 1% to settle at $29.73 on Thursday and added 0.4% in after-hours trading.
Texas Pacific Land Corporation (NYSE:TPL)
- Texas Pacific Land, during November, reported better-than-expected Q3 earnings. The company’s stock has a 52-week low of $946.29.
- RSI Value: 28.29
- TPL Price Action: Shares of Texas Pacific Land Corporation fell 1.8% to close at $2,020.21 on Thursday and lost 0.2% in after-hours trading.
Enviva Inc. (NYSE:EVA)
- Enviva recently announced long-term, 800,000 metric ton per year contract with an existing European customer. The company’s stock has a 52-week low of $45.88.
- RSI Value: 28.85
- EVA Price Action: Shares of Enviva fell 6.1% to close at $46.64 on Thursday and added 1.4% in after-hours trading.
Comstock Resources, Inc. (NYSE:CRK)
- Citigroup, last month, downgraded Comstock Resources from Buy to Sell and lowered the price target from $24 to $14. The company’s 52-week low is $6.88.
- RSI Value: 28.95
- CRK Price Action: Shares of Comstock Resources dropped 7% to close at $12.25 on Thursday, and added 1.1% in after-hours trading.
Excelerate Energy, Inc. (NYSE:EE)
- Excelerate Energy, last month, posted upbeat quarterly results. The company has a 52-week low of $18.31.
- RSI Value: 29.75
- EE Price Action: Shares of Excelerate Energy fell 3.3% to close at $23.40 on Thursday and added 0.2% in after-hours trading.
Read More: Why Fear Level Among US Investors Is Decreasing
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!