Top 3 Utilities Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Deep Fission, Inc (NASDAQ:FISN)

• On Sept. 22, Roth Capital analyst Craig Irwin initiated coverage on Deep Fission with a Buy rating and announced a price target of $18. The company’s stock fell around 42% over the past month and has a 52-week low of $4.12.
• RSI Value: 26.1
• FISN Price Action: Shares of Deep Fission fell 6.1% to close at $4.18 on Monday.
• Benzinga Pro’s newsfeed tool helped identify developments in FISN stock.

Emera Incorporated (NYSE:EMA)          

• On Oct. 6, Emera, Canadian Utilities and ATCO announced a transformational agreement to create Canadian utility and energy infrastructure powerhouse. The company’s stock has a 52-week low of $45.27.
• RSI Value: 27.8
• EMA Price Action: Shares of Emera rose 0.4% to close at $45.84 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in EMA stock.

VivoPower PLC (NASDAQ:VIVO)

• On Aug. 17, VivoPower’s board approved creation of separate, independent Singapore-based AI infrastructure firm. The company’s stock fell around 24% over the past month and has a 52-week low of $1.69.
• RSI Value: 25.9
• VIVO Price Action: Shares of VivoPower fell 4.5% to close at $2.96 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in VIVO shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Photo via Shutterstock