TFI International Shares Oversold with RSI at 28.5

TFI International's shares hit an RSI of 28.5, indicating oversold conditions. This reading may present buying opportunities as the stock rebounds from recent heavy selling.

Date: 31-12-2024

AI Rating: 6

Technical Indicators Point to Buying Opportunity

TFI International Inc (TFII) has recently entered oversold territory, with an RSI reading of 28.5, suggesting that a significant amount of selling may have occurred. Since an RSI reading below 30 indicates that a stock is oversold, bullish investors might find this an opportune moment to consider purchasing.

Furthermore, TFII's current share price of $134.60 is notably below its 52-week high of $162.13. It is important to highlight that while the stock may face bearish sentiments, the low RSI and proximity to the 52-week low of $126 could signal potential buying opportunities as sellers may be drying up.

The RSI of the S&P 500 ETF (SPY) is reported at 42.6, indicating that TFII is currently lagging in momentum when compared with the broader market. This discrepancy presents a potential opportunity for re-evaluation by investors who are looking for value in oversold stocks.

Stocks: TFII SPY