CCC Intelligent Solutions Hits Oversold Territory at RSI 29.9

Fear in the market? CCC Intelligent Solutions Holdings Inc finds itself oversold with an RSI of 29.9. This could signal a potential buying opportunity for bullish investors as selling pressure appears to be waning.

Date: 19-02-2025

AI Rating: 6

Relative Strength Index Indicating Oversold Condition
In the provided report, it's highlighted that CCC Intelligent Solutions Holdings Inc (CCCS) has recently entered oversold territory with a Relative Strength Index (RSI) reading of 29.9, below the 30 mark. This typically indicates that the stock may be undervalued, presenting a potential buying opportunity for investors looking for a rebound.

Comparatively, the S&P 500 ETF (SPY) has an RSI of 61.9, suggesting that the broader market is not in an oversold condition.

The report notes CCCS shares traded as low as $10.64 and indicates the stock's 52-week range, with a low of $9.79 and a high of $12.88. This information can guide investors in assessing whether the current share price presents value based on historical performance.

Stocks: CCCS