Whether a stock is in oversold territory or not is determined by the Relative Strength Index or RSI. This measurement was created by J. Welles Wilder and is generally thought by investors to be a reliable way to measure the change of pricing and speed of such change. The range for RSI is between 0-100, with a value of 70 and over being said to be “oversold” stock. The “undersold” stock has a value of 30 or lower. In the oversold area right now are these three stocks: Franco-Nevada Corporation (NYSE:FNV), Net Element Inc (NSADAQ:CAZAU), and Colfax Corp (NYSE:CFX).
Franco-Nevada Corporation (NYSE:FNV) stands at an RSI of 19.35. For its investors, the total return over the last month has been -9.27%. Its return over three months is at -16.8%. Looked at as part of the last 52 weeks, the last closing price was up from its low over that stretch by 2.08%, and it was down from the 52-week high by -34.17%. It is under the average 50-day price by -17.9% and is -12.4% as compared with the SMA 20.
Net Element Inc (NSADAQ:CAZAU) has an RSI of 18.07. Its return over the full last month has been -29.63% and its return over the last three months is even less at -59.76%. In terms of how the stock fared at is last closing price, it was up from its 52-week low with 4.97% and it is down from its high over those 52 weeks with -96.7%. It is under the average 50-day price by -63.43%. The stock is at -45.12% compared with the SMA 20.
For Colfax Corp (NYSE:CFX), it is at an RSI of 16.96. It is in the oversold arena. This particular stock is down -3.27% over the past month, as of its last close. For the past three months, the percentage of return is at -11.94%. The share price is up from its low over the last 52 weeks with 0.19% and is down from its 52-week high with -40.52%. The share price is under the average pricing of the last 50 days by -13.08% and it is -6.73% compared with the SMA 20.