In the case of ChevronCorporation, the RSI reading has hit 29.7 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 36.8, the RSI of WTI Crude Oil is at 36.3, and the RSI of Henry Hub Natural Gas is presently 27.1.
The report also cited the strong quarterly dividend history at ChevronCorporation, and favorable long-term multi-year growth rates in key fundamental data points.