AES Corp Shares Oversold, RSI Hits 29.8 Amid Selling Pressure

AES Corp shares are in oversold territory with an RSI of 29.8. This indicates potential buying opportunities for investors as heavy selling may be exhausting. With shares trading down 4.6%, investors may consider this a notable entry point.

Date: 22-01-2025

AI Rating: 6

Oversold Status Indicated by RSI
AES Corp has reached an RSI of 29.8, suggesting it is in oversold territory. This could signal to bullish investors that the recent selling may be coming to an end, presenting potential buying opportunities. The relative RSI for the overall energy sector averages 52.5, indicating a stark contrast to AES Corp's lower position.

Current Trading Conditions
The stock is currently trading at $11.21, down approximately 4.6% on the day, and is near its low point of $11.20 within its 52-week range. The high during this period was $22.21, showcasing significant volatility. Investors should consider these price points when determining entry or exit strategies.

Stocks: AES