In Monday’s trading, shares of HF Sinclair Corp (symbol: DINO) entered oversold territory, falling to $54.03 per share. Define oversold areas using the Relative Strength Index (RSI). This is a technical analysis indicator used to measure momentum on a scale of 0 to 100. A stock is considered oversold when the RSI reading falls below 30.
For HF Sinclair Corp, the RSI reading reached 28.8. energy stock channel Currently the average RSI is 51.8 and the RSI is WTI crude oil has an RSI of 43.9. henry hub natural gas is now 43.8 and 3-2-1 Spread of cracks RSI is 30.8. Bullish investors can take DINO’s reading of 28.8 as a sign that the recent heavy sell-off is running out and start looking for entry point opportunities on the buy side.
Looking at the one-year performance chart (below), DINO has a 52-week range low of $29.14 per share and a 52-week high of $66.19 per share. HF Sinclair Corp shares are currently down about 3.9% on the day.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/shares-of-dino-now-oversold DINO shares are currently oversold