Are These 3 Energy Stocks Ready to Rebound?

Core Viewpoint - Oil and gas exploration stocks are experiencing a challenging 2024 but may be poised for a rally as energy stocks lead the S&P 500 amid a rotation from technology stocks [1] Group 1: Stock Performance - APA Corp. (NASDAQ:APA) is up 4.2% to $29.27, recovering from a two-year low of $27.17, but is down 18.3% in 2024 and 10% year-over-year [1] - Devon Energy Corp (NYSE:DVN) stock has increased by 4.4% to $47.84, reaching its year-over-year breakeven level, with a trading range of $40 to $55 in 2024 [1] - Occidental Petroleum Corp (NYSE:OXY) is trading 4% higher at $63.33, on track for its fifth gain in six sessions, and has a 13% year-over-year increase [1] Group 2: Technical Indicators - All three companies, APA, DVN, and OXY, are in an oversold condition, with a 14-day Relative Strength Index (RSI) of 35 or lower, suggesting a potential for a short-term bounce [1]