Top 3 Energy Stocks That May Rocket Higher In July
Portfolio Pulse from Avi Kapoor
The article highlights three oversold energy stocks with RSI values below 30, indicating potential buying opportunities. The stocks mentioned are TOP SHIPS Inc (NYSE:TOPS), Opal Fuels Inc (NASDAQ:OPAL), and Vertex Energy Inc (NASDAQ:VTNR).
July 03, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Opal Fuels Inc received a Buy rating from B. Riley Securities with a price target of $10. However, its stock has fallen 18% over the past month, reaching a 52-week low of $3.98. The RSI value is 26.98, indicating it is oversold.
The Buy rating and price target from B. Riley Securities could boost investor confidence. The low RSI indicates it may be oversold, presenting a potential buying opportunity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TOP SHIPS Inc announced a new time charter at a strong rate, but its stock has fallen 17% over the past month, reaching a 52-week low of $5.51. The RSI value is 25.60, indicating it is oversold.
Despite the recent stock price drop, the new time charter at a strong rate could drive positive sentiment. The low RSI indicates it may be oversold, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vertex Energy Inc posted a wider-than-expected quarterly loss but reported strong operational and financial performance. Its stock has fallen 42% over the past five days, reaching a 52-week low of $0.58. The RSI value is 24.75, indicating it is oversold.
Despite the wider-than-expected loss, the strong operational and financial performance could drive positive sentiment. The low RSI indicates it may be oversold, presenting a potential buying opportunity.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100