imaginima/E+ via Getty Images As the market moves into the second week of Q1 earnings, we look at the most oversold stocks in the materials sector. Below is a list of energy stocks ranked by their lowest Relative Strength Index as Q1 earnings season enters its second week. The list is topped by Alliance Resource Partners ( ARLP ), with an RSI of 27. Peabody Energy ( BTU ) and Antero Midstream ( AM...
imaginima/E+ via Getty Images As the market moves into the second week of Q1 earnings, we look at the most oversold stocks in the materials sector. Below is a list of energy stocks ranked by their lowest Relative Strength Index as Q1 earnings season enters its second week. The list is topped by Alliance Resource Partners ( ARLP ), with an RSI of 27. Peabody Energy ( BTU ) and Antero Midstream ( AM ) are next, each with an RSI of 30, with Expand Energy ( EXE ) and Genesis Energy ( GEL ) rounding out the rest of the top five. Comstock Resources ( CRK ), Gulfport Energy ( GPOR ), Northern Oil and Gas ( NOG ), Black Stone Minerals ( BSM ), and USA Compression Partners ( USAC ) are among the other top-ranked stocks, each with an RSI below 40. The Relative Strength Index is a momentum oscillator that measures the velocity and magnitude of price changes, plotting them on a scale from 0 to 100. RSI compares the magnitude of recent gains to recent losses over a chosen lookback period, typically 14 days. RSI readings of 70 or above are generally considered a signal that a stock may be overbought and potentially poised for a pullback. An RSI below 30 indicates that a stock may be oversold, signaling that intense selling pressure has potentially driven the price below its fair value. Here is the list: Alliance Resource Partners, L.P. ( ARLP ), Market Cap: 3.16B, RSI: 27 Peabody Energy Corporation ( BTU ), Market Cap: 3.13B, RSI: 30 Antero Midstream Corporation ( AM ), Market Cap: 9.88B, RSI: 30 Expand Energy Corporation ( EXE ), Market Cap: 22.95B, RSI: 32 Genesis Energy, L.P. ( GEL ), Market Cap: 2.04B, RSI: 33 Comstock Resources, Inc. ( CRK ), Market Cap: 4.94B, RSI: 34 Gulfport Energy Corporation ( GPOR ), Market Cap: 3.43B, RSI: 34 Northern Oil and Gas, Inc. ( NOG ), Market Cap: 2.60B, RSI: 35 Black Stone Minerals, L.P. ( BSM ), Market Cap: 2.92B, RSI: 35 USA Compression Partners, LP ( USAC ), Market Cap: 3.81B, RSI: 35 Energy ETFs: ( XLE ), ( AMLP ), ( VDE ), ( XOP ), ( OI...