In trading on Friday, shares of Geospace Technologies Corp (GEOS) entered into oversold territory, changing hands as low as $63.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.In the case of Geospace Technologies Corp, the RSI reading has hit 27.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 56.4, the RSI of WTI Crude Oil is at 48.9, and the RSI of Henry Hub Natural Gas is presently 39.4.
Geospace Technologies Stock Getting Very Oversold
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