Actually it is oversold...indicators all have parameters and while textbook explanations show 30 or below as being oversold when using the RSI it is not a specific science...Many chartists including myself will consider different levels of being oversold and not till it breaks to the upside of 50 would I consider it being totally out of the oversold area...If RSI is oversold at 30 then there is no way it is not oversold at 33 unless there are many other indicators to prove that point on a given chart....
In this particular chart the Williams is considered oversold until it reaches -75...at -89 it is considered oversold....
There are no bad stocks only bad entry points and bad exit points.....
Never look at a stock and say it's good or bad but on the contrary say this is what it is....now how can I profit from it.......
Market Data 
Markets 
AI
