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 April 9, Goldman Sachs analyst Mark Delaney downgraded ChargePoint Hldgs from Neutral to Sell and lowered the price target from $2 to $1.5. The company's stock fell around 11% over the past five days and has a 52-week low of $1.21.
• RSI Value: 29.03
• CHPT Price Action: Shares of ChargePoint fell 1.5% to close at $1.34 on Tuesday.

• On Feb. 27, SP Plus posted downbeat quarterly earnings. Marc Baumann, Chairman and Chief Executive Officer, said, “Fourth quarter results capped a record year for SP+ in 2023. Full-year reported gross profit increased 15%, adjusted gross profit increased 13% and adjusted EBITDA increased 10%, reflecting excellent execution of our growth strategy by our SP+ team members who strengthened our industry leadership position by bringing both innovative technology solutions and superior operations to existing and new clients.” The company's stock fell around 1% over the past month and has a 52-week low of $32.78.
• RSI Value: 27.93
• SP Price Action: Shares of SP Plus rose 1.1% to close at $50.78 on Tuesday.