RAX officially OVERSOLD now - Technically speaking
Fundamentally very weak - we all know that (even the Bulls - right guys?). But technically speaking - their Relative Strength Index (RSI) is below 30 - It could either mean that the stock is in a lasting downtrend (possible if they keep whiffing) or truly oversold and therefore bound to retrace & bounce back. The MACD (Moving Average Convergence-Divergence) is below its signal line and negative. The configuration is negative.