RSI or Relative Strength Index is a measurement that a new trader needs to understand and that traders of all levels of experience would be wise to track. If this measure reaches 70, it is considered overbought. If it falls below 30, it is in oversold territory. In terms of upcoming price accuracy, the RSI is considered a key way to assess it. It shows signs of what is to come.
For Oasis Petroleum Inc. (NYSE:OAS), it is in the oversold arena at 28.60. In one month through close, its price is down -15.96% to be at $14.43. That means that is has a return of -1.77% over the last three months. Over the past 52 weeks, the share price low was +35.62% and the low from that period’s high was -75.16%. It will be -14.06% under the average 50-day price. It is 13.05% under the SMA 20.
The RSI reading for Denbury Resources Inc. (NYSE:DNR) is 27.41. Its return over 1 year is -67.27% and the return over 6 months is -27.30%. The price over one month through close for the stock is down -20.54% to be at $5.84. That number means a -20.18% return over the last three months. The low over 52 weeks for the share price is -1.78% and the low from the 52-week high is -67.68%. It is currently -20.22% under the 50-day average price, as compared with the SMA 20.
Meanwhile, the Cypress Semiconductor Corporation (NASDAQ:CY) has an RSI reading of 31.88. The price of stock is down -13.43% for one month through its last close. That is a -13.56% return over three months. The low from its 52-week high is -26.97%, while the price per stock is up from a 52-week low with +48.72%. The average price of 50 days is -9.50% and is -7.13%, relative to the SMA 20.
