Market Update: Northwest Natural Holding Co Struggles on the Trading Floor
In trading on Tuesday, shares of Northwest Natural Holding Co (Symbol: NWN) dropped into oversold territory, reaching as low as $38.27 per share. This condition is determined using the Relative Strength Index (RSI), a tool that measures stock momentum on a scale of 0 to 100. A stock is classified as oversold when its RSI falls below 30.
For Northwest Natural Holding Co, the RSI has reached 29.3. In comparison, energy stocks analyzed by Energy Stock Channel show an average RSI of 51.2. Other relevant indicators include WTI Crude Oil at 66.5, Henry Hub Natural Gas at 50.0, and the 3-2-1 Crack Spread RSI at 77.3.
Investors who are optimistic about the stock may interpret the 29.3 RSI as a signal that the recent intense selling might be coming to an end, prompting them to seek buying opportunities.
Examining the one-year performance chart (below), NWN has a low point of $34.82 per share and a high point of $44.25, with the most recent trade occurring at $38.38. Currently, Northwest Natural Holding Co shares have fallen approximately 0.8% for the day.
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Also see:
VRNS Average Annual Return
CLXT shares outstanding history
OBT Average Annual Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
