Shares of VAL Now Oversold

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets VAL Shares of VAL Now Oversold September 03, 2024 — 11:30 am EDT Written by BNK Invest for BNK Invest-> In trading on Tuesday, shares of Valaris Ltd (Symbol: VAL) entered into oversold territory, changing hands as low as $57.60 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Valaris Ltd, the RSI reading has hit 29.4 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 48.3, the RSI of WTI Crude Oil is at 35.8, the RSI of Henry Hub Natural Gas is presently 52.5, and the 3-2-1 Crack Spread RSI is 59.6. A bullish investor could look at VAL's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), VAL's low point in its 52 week range is $57.60 per share, with $84.20 as the 52 week high point — that compares with a last trade of $58.11. Valaris Ltd shares are currently trading down about 4.8% on the day. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other oversold energy stocks you need to know about » Also see: • MBRX Insider Buying • BHB Next Dividend Date • Top Ten Hedge Funds Holding VR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocksEnergy BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally. MBRX Insider Buying-> BHB Next Dividend Date-> Top Ten Hedge Funds Holding VR-> More articles by this source-> Stocks mentioned VAL More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.