“These Stocks Fell Out of Favor. Now They’re Turning Higher”
XLU is oversold (RSI 25); suitable for a quick speculative buy by bold investors.
As for the utilities sector, specifically the XLU group, we are seeing a significant decline, which clearly indicates oversold conditions. So, as you can see, the Relative Strength Index (RSI) is at 25.
For bold investors, you can make a quick speculative move on some stocks that may later come out of this oversold condition, but are certainly among the weakest sectors in the group.