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 May 7, Safety Insurance Group posted better-than-expected quarterly earnings. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, said, “Safety’s first quarter combined ratio in 2025 improved to 99.4% compared to 101.9% in the first quarter of 2024. The year-over-year change reflects the impact of our prior year growth in direct written premiums earning into top-line results and improvements in our private passenger automobile loss ratio. Positive trends in other revenue lines resulted in strong earnings per share of $1.48 per share and a $22.2 million increase in total shareholders’ equity.” The company's stock fell around 8% over the past month and has a 52-week low of $70.71.
• RSI Value: 29.7
• SAFT Price Action: Shares of Safety Insurance fell 1.4% to close at $72.82 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in SAFT stock.