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 Jan. 31, New York Community Bancorp reported worse-than-expected fourth-quarter financial results and reduced its quarterly dividend. The company’s stock fell around 56% over the past month and has a 52-week low of $3.60 .
• RSI Value: 27.65
• NYCB Price Action: Shares of New York Community Bancorp fell 4.1% to close at $4.50 on Wednesday.

• On Feb. 22, Ares Commercial Real Estate reported GAAP net loss of $39.4 million or 73 cents per diluted common share. The company’s stock fell around 19% over the past month. It has a 52-week low of $7.52.
• RSI Value: 27.16
• ACRE Price Action: Shares of Ares Commercial Real Estate fell 0.1% to close at $8.19 on Wednesday.

• On Jan. 26, Meridian posted downbeat quarterly earnings. Christopher J. Annas, Chairman and CEO commented, “Meridian’s fourth quarter earnings totaled $571 thousand, which was down from the prior quarter. Contributing to the decline was a necessary additional provision for a non-performing commercial credit, which has experienced some deterioration. In addition, the historical rise in interest rates has had negative impact on our SBA and small-ticket leasing businesses, both of which required additional provisions.” The company’s stock fell around 25% over the past month and has a 52-week low of $7.80.
• RSI Value: 26.45
• MRBK Price Action: Shares of Meridian closed at $9.84 on Wednesday.