The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in ...

Group 1: Copart Inc. (NASDAQ: CPRT) - Copart's stock has experienced a significant decline, dropping over 21% from its all-time highs, with the Relative Strength Index (RSI) falling to 21, indicating it is deeply oversold and may be poised for a bounce [3][4]. - The recent plunge in Copart's stock price was attributed to an underwhelming earnings report, despite the company achieving its highest-ever revenue, which led to concerns that expectations had outpaced fundamentals [4][5]. - Analysts maintain a Neutral rating on Copart, with a price target of $55, suggesting that the stock is currently trading below its fair value, presenting an attractive risk/reward scenario [5]. Group 2: Cooper Companies Inc. (NASDAQ: COO) - Cooper Companies' stock has been on a downward trend, hitting multi-month lows with an RSI in the low 20s, indicating oversold conditions [7]. - Following a strong earnings report that exceeded expectations and reaffirmed full-year guidance of 10-15% EPS growth, the stock saw a nearly 6% increase in one day, with the RSI beginning to rise [8][9]. - Analysts have a 12-month price forecast of $100.38 for Cooper Companies, indicating a potential upside of 38.77% from the current price of $72.33 [6]. Group 3: UnitedHealth Group Inc. (NYSE: UNH) - UnitedHealth's stock has declined over 50% from its April highs due to disappointing earnings and negative market sentiment [10]. - Despite bearish trends, the stock has shown signs of stabilization, with the RSI remaining below 30 and a bullish crossover in the MACD, indicating potential for recovery [11]. - Analysts have reiterated positive ratings, with KeyCorp maintaining an Overweight rating and a price target of $400, suggesting a potential upside of over 35% from current levels [12].

Core Viewpoint - Interpublic Group (IPG) has experienced a significant decline of 10.2% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal as analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - IPG's Relative Strength Index (RSI) reading is at 29.14, suggesting that the heavy selling pressure may be exhausting, which could lead to a rebound in stock price [5]. - The RSI is a momentum oscillator that helps identify whether a stock is oversold, typically when the reading falls below 30 [2][3]. Group 2: Analyst Sentiment and Earnings Estimates - There is a strong consensus among sell-side analysts that IPG will report better earnings, with a 0.1% increase in the consensus EPS estimate over the last 30 days [7]. - IPG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [8].

Omeros (OMER) has been on a downward spiral lately with significant selling pressure. After declining 54.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ov ...

Surrozen, Inc. (SRZN) has been beaten down lately with too much selling pressure. While the stock has lost 29.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Core Viewpoint - Allogene Therapeutics (ALLO) has experienced a significant decline of 31.9% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - ALLO's stock has been under heavy selling pressure, leading to an RSI reading of 25.87, indicating it is oversold [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30 [2]. - Stocks oscillate between overbought and oversold states, and an oversold condition may present entry opportunities for investors anticipating a rebound [3]. Group 2: Analyst Sentiment and Earnings Estimates - There is a strong consensus among sell-side analysts to raise earnings estimates for ALLO, resulting in a 0.4% increase in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [7]. - ALLO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, indicating a strong potential for a turnaround [8].

AZUL (AZUL) has been on a downward spiral lately with significant selling pressure. After declining 57.1% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is over ...

Here is How to Spot Oversold Stocks A downtrend has been apparent in HealthStream (HSTM) lately with too much selling pressure. The stock has declined 13.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

Phibro Animal Health (PAHC) has been beaten down lately with too much selling pressure. While the stock has lost 22.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscilla ...

A downtrend has been apparent in Criteo S.A. (CRTO) lately with too much selling pressure. The stock has declined 21.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spo ...