MasTec Shares Hit Oversold Status, Investors Eye Buy Signals

MasTec Inc. sees its RSI dip to 28.7, indicating an oversold condition. Investors may find this a potential buy opportunity as the stock experiences heavy selling.

Date: 07-03-2025

AI Rating: 7

MasTec Inc. RSI Analysis: The Relative Strength Index (RSI) for MasTec Inc. (MTZ) has dropped to 28.7, marking it as oversold territory. An RSI reading below 30 typically indicates that a stock may have been heavily sold off. This suggests that traders could perceive MTZ as reaching a low point in its trading, which might present a potential buying opportunity.

The S&P 500 ETF (SPY) has an RSI of 32.1, still above the oversold threshold, indicating that MTZ is experiencing a more significant sell-off compared to the broader market. The low point of MasTec's 52-week range is $82.29, and with the stock currently trading at $112.32, investors may see this as a recovery opportunity, especially if they believe that the recent decline is reaching its end.

Stocks: MTZ