Six utility and communication stocks show RSI readings near or below 30

Separate Benzinga Pro screens identified three utility stocks and three communication services stocks with relative strength index (RSI) readings near or below 30, a level commonly associated with potentially oversold conditions. CenterPoint Energy, NiSource and Hawaiian Electric had RSI readings of 28.1, 26 and 25.5 after monthly declines of about 12%, 11% and 14%, respectively. GameSquare Holdings, LQR House and Haoxi Health Technology had RSI readings of 21.1, 26 and 20.5. Oversold readings may attract traders seeking short-term rebounds, but RSI alone does not show that a stock is undervalued or guarantee a recovery.

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