In the case of Woodside Energy Group Ltd, the RSI reading has hit 24.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 46.8, the RSI of WTI Crude Oil is at 38.6, the RSI of Henry Hub Natural Gas is presently 40.9, and the 3-2-1 Crack Spread RSI is 48.7. A bullish investor could look at WDS's 24.8 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), WDS's low point in its 52 week range is $11.26 per share, with $17.70 as the 52 week high point — that compares with a last trade of $14.86. Woodside Energy Group Ltd shares are currently trading down about 3.8% on the day.
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