Pampa Energia SA (Symbol: PAM) shares were trading at $35.35 on Wednesday, entering oversold territory with a Relative Strength Index (RSI) of 29.8. An RSI below 30 indicates that a stock may be oversold. For context, the average RSI for energy stocks is 35.8, while WTI Crude Oil and Henry Hub Natural Gas have RSIs of 45.5 and 65.8, respectively.
Pampa shares have a one-year performance range between $21.93 and $48.79, with the last trade at $35.41, reflecting a day-over-day decrease of about 2.1%. Investors may view the low RSI as a potential entry point for buying amid the recent heavy selling.
