Antero Midstream Stock Getting Very Oversold

In trading on Friday, shares of Antero Midstream Corp (Symbol: AM) entered into oversold territory, changing hands as low as $8.99 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 Antero Midstream Corp, the RSI reading has hit 28.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 35.0, the RSI of WTI Crude Oil is at 46.3, the RSI of Henry Hub Natural Gas is presently 41.1, and the 3-2-1 Crack Spread RSI is 42.2. A bullish investor could look at AM's 28.