RSI - Top 5 Materials Stocks That Are Set To Fly In Q1 | Benzinga
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
DuPont de Nemours, Inc. (NYSE: DD)
- On Jan. 24, DuPont announced preliminary fourth-quarter and full year 2023 results and issued first-quarter guidance. The company’s stock fell around 19% over the past ...