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 Sept. 7, CN Energy Group said its wholly-owned subsidiary, Hangzhou Fulaisen Science and Technology Co., Ltd, secured activated carbon order for $1.64 million. Ms. Xinyang Wang, CNEY's Board Chairwoman, commented, "We appreciate the trust of our clientele. We have guaranteed the timely fulfillment of the order, in addition to providing high-performance and reputable activated carbon commodities, along with professional and comprehensive after-sales service." The company’s stock fell around 31% over the past five days and has a 52-week low of $0.0613.
• RSI Value: 22.90
• CNEY Price Action: Shares of CN Energy fell 19.5% to close at $0.0693 on Wednesday.