The most oversold stocks in the utilities 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.
RGC Resources, Inc. (NASDAQ:RGCO)
- RGC Resources recently declared a quarterly dividend of $0.1975 per share on the company’s common stock. The company’s stock has a 52-week low of $18.01 .
- RSI Value: 28.75
- RGCO Price Action: Shares of RGC Resources fell 5.6% to close at $18.12 on Tuesday.
Via Renewables, Inc. (NASDAQ:VIA)
- Via Renewables reported a rise in Q4 sales results. “Looking forward to 2023, we’re positioned very well to attract new customers. Numerous utilities have raised their rates and we’re able to be more competitive with our offerings as commodity prices retreat off record highs,” said Keith Maxwell, Via Renewables’ Chief Executive Officer. The company’s stock has a 52-week low of $9.40.
- RSI Value: 25.41
- VIA Price Action: Shares of Via Renewables fell 1.1% to close at $10.06 on Tuesday.
Check This Out: Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street’s Most Accurate Analysts
