Clean Harbors Shares Enter Oversold Territory - RSI at 29.7

A recent report highlights that Clean Harbors Inc (CLH) hit an RSI of 29.7, indicating it may be oversold. This could signal a potential buying opportunity for investors as the stock faces heavy selling pressure.

Date: 24-12-2024

AI Rating: 7

The report indicates that Clean Harbors Inc (CLH) has entered oversold territory with a Relative Strength Index (RSI) of 29.7. This is significant as it suggests that the stock has been heavily sold and may soon rebound. An RSI below 30 is widely regarded as a potential buy signal for bullish investors who believe the selling pressure is exhausted.

The 52-week range of CLH shares shows a low point at $161.39 and a high at $267.11, with the last trade recorded at $228.46. This pricing information could attract investors looking for value in a potentially undervalued stock. The current RSI of the S&P 500 ETF (SPY), at 47.4, further emphasizes that CLH is underperforming relative to the broader market.

Overall, CLH’s recent movement could lead to a shift in investor sentiment. Investors may consider this oversold condition an opportunity to enter before a potential price recovery occurs.

Stocks: CLH