Energy Stock Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Sum Up The Parts: ADRA Could Be Worth $37
Thursday, July 25, 8:19 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

PetroChina Stock Getting Very Oversold
Friday, August 23, 3:50 PM ET, by Market News Video Staff

In trading on Friday, shares of PetroChina Co Ltd (PTR) entered into oversold territory, changing ...

FNI's Holdings Could Mean 24% Gain Potential
Wednesday, September 4, 8:10 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Surprising Analyst 12-Month Target For ADRA
Friday, October 18, 7:43 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

PTR Stock Crowded With Sellers
Wednesday, October 30, 4:04 PM ET, by Market News Video Staff

In trading on Wednesday, shares of PetroChina Co Ltd (PTR) entered into oversold territory, changing ...

PetroChina Stock Getting Very Oversold

By Energy Stock Channel Staff, Tuesday, December 3, 11:22 AM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Tuesday, shares of PetroChina Co Ltd (NYSE:PTR) entered into oversold territory, changing hands as low as $44.80 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of PetroChina Co Ltd, the RSI reading has hit 28.2 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 44.4, the RSI of WTI Crude Oil is at 48.1, the RSI of Henry Hub Natural Gas is presently 46.3, and the 3-2-1 Crack Spread RSI is 35.7.

A bullish investor could look at PTR's 28.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), PTR's low point in its 52 week range is $44.80 per share, with $72.465 as the 52 week high point — that compares with a last trade of $44.97. PetroChina Co Ltd shares are currently trading down about 1.6% on the day.

PetroChina Co Ltd 1 Year Performance Chart


Can your brain be trained to become a chart-predicting wizard? Click here to find out


This Article's Word Cloud:   Channel   Click   Crack   Crude   Energy   Henry   Index   Looking   NYSE   Natural   Oversold   PetroChina   Relative   Spread   Start   Stock   Stocks   Strength   Tuesday   about   analysis   average   become   begin   below   brain   bullish   case   changing   chart   compares   comparison   considered   could   covered   currently   define   down   look   mdash   oversold   point   reading   share   shares   territory   that   trading   week   with

PetroChina Stock Getting Very Oversold | www.EnergyStockChannel.com | Copyright © 2010 - 2020, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.