Search for content, post, videos

Stocks Crossing Into Oversold Territory: Timken Co (TKR), Mercury General Corporation (MCY), Endurance International Group Hldgs Inc (EIGI)

 

Technical analysis indicators such as the Relative Strength Index (RSI), a popular oscillator developed by Welles Wilder, Jr., can be used as watch signals for stocks, providing traders a heads up that although things appear normal, possible changes may be coming soon.

The RSI determines average prices of days when the stock ends the trade higher with days where the stock closes down. How it works? The RSI line will move up and down with the stock price in between a range of 0 and 100. When the RSI line advances above 70, the stock is believed to be overbought, indicating that its price might be a little overextended on the high side. On the other side when the RSI line drops below 30 the stock is considered to be oversold.

The RSI of Timken Co (NYSE:TKR) is at 26.52, representing oversold territory. The stock is down -12.70% in one month through last close, to $27.08, showing a -5.54% return during the past three months. The share price is up from fifty two week low with 3.79% and low from fifty two week high with -37.09%. It stands –10.93% below the average-price of 50 days and -11.15% compared with the SMA 20.

Mercury General Corporation (NYSE:MCY)’s RSI reading has hit 21.12. The stock is down -9.65% in one month through last close, to $45.64, showing a -11.45% return during the past three months. The share price is up from fifty two week low with -0.20% and low from fifty two week high with -20.66%. It stands -10.18 % below the average-price of 50 days and –8.36% compared with the SMA 20.

Endurance International Group Hldgs Inc (NASDAQ:EIGI) has a RSI reading of 27.01, with a 1-year total return of -37.53% and a six-month return of -47.77%. The stock is down -20.00% in one month through last close, to $11.12, showing a -20.68% return during the past three months. The share price is up from fifty two week low with 8.07% and low from fifty two week high with -52.66%. It stands -19.32% below the average-price of 50 days and -18.00% compared with the SMA 20.