Warren Buffett’s Wisdom: A Look at Dorian LPG’s Recent Technical Signals
Warren Buffett, one of the most respected investors, suggests that we should be cautious when others are optimistic and aggressive when others are anxious. A key tool to gauge market sentiment is the Relative Strength Index (RSI), a technical analysis indicator that ranges from zero to 100. An RSI below 30 signals that a stock is oversold.
On Tuesday, Dorian LPG Ltd. (Symbol: LPG) saw its shares drop into oversold territory, registering an RSI of 29.5 after trading as low as $31.72 per share. In contrast, the S&P 500 ETF (SPY) currently has an RSI of 72.2. For those looking to invest, the 29.5 RSI for LPG could suggest that recent selling pressure is slowing down, signaling a potential buying opportunity. Below is a chart displaying the performance of LPG shares over the past year:
According to the chart, LPG’s share price varies significantly; the lowest over the last 52 weeks was $29.37, while the highest reached $51.6593. As of the last trade, the stock is priced at $31.67.
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Additional Resources:
- PE History
- IOSP Options Chain
- Funds Holding LUXX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
