Clean Harbors Inc Shares Oversold, RSI Hits 26.9

Clean Harbors Inc shows an RSI reading of 26.9, indicating oversold conditions. Investors may find this a strategic entry point as excessive selling wanes. Analyzing stock momentum is crucial for investment decisions.

Date: 19-02-2025

AI Rating: 6

Relative Strength Index Analysis
According to the report, Clean Harbors Inc (CLH) has entered into oversold territory with an RSI of 26.9, which is significantly below the critical value of 30. This low RSI suggests that the stock may be undervalued at its current trading level, which could prompt bullish investors to consider buying since it indicates that selling pressure could soon diminish.

CLH's recent trade at $216.67 is considerably lower than its 52-week high of $267.11, suggesting a notable decline in price. The mention of a 52-week low of $176.02 shows the volatility and price range of the stock over the past year, which could be of interest to potential investors looking for margin recovery opportunities.

Comparatively, the S&P 500 ETF (SPY) shows an RSI of 61.9, indicating that the broader market sentiment is not exhibiting the same level of fear. This stark difference in the RSI readings could signify that Clean Harbors is subject to unique pressures separate from overall market trends.

Overall, while specific metrics like EPS, revenue growth, net income, profit margins, free cash flow, and return on equity are not discussed in the report, the low RSI brings to light potential buying opportunities for investors looking for undervalued stocks.

Stocks: CLH SPY