Top 2 Energy Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Avi Kapoor
The article highlights two energy stocks, Okeanis Eco Tankers Corp. (NYSE:ECO) and Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), as being oversold according to their Relative Strength Index (RSI) values. ECO's RSI is at 24.68 with a recent 2% decline over five days, while SOI's RSI is at 28.23 after an 11% drop over the past month following weaker-than-expected Q3 results. Both stocks are considered potential opportunities for investors.
January 11, 2024 | 11:40 am
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POSITIVE IMPACT
Okeanis Eco Tankers Corp. has an RSI of 24.68, indicating it may be oversold after a 2% decline over the past five days.
With an RSI significantly below 30, ECO is considered oversold, which often leads to increased buying interest as investors look for undervalued stocks. The recent price drop may attract attention, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Solaris Oilfield Infrastructure, Inc. reported weaker-than-expected Q3 results, contributing to an 11% stock decline over the past month and an RSI of 28.23.
SOI's stock has been under pressure due to disappointing earnings, but the low RSI suggests it might be undervalued. This could lead to buying interest and a short-term price recovery as the market corrects for the oversold condition.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 90