VRNT - Top 5 Tech Stocks Which Could Rescue Your Portfolio This Month | Benzinga
The most oversold stocks in the information technology 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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
SEALSQ Corp (NASDAQ: LAES)
- SEALSQ announced nine-month 2023 unaudited revenue of $22.1 million, a 20.4% increase from the 9-month 2022 period. Carlos Moreira, CEO of SEALSQ, said, "We are witnessing a robust and consistent customer demand for our semiconductors and Matter-related products, coupled with an upward trajectory in our market share.” The company’s stock has a 52-week low of $1.22 .
- RSI Value: 24.93
- LAES Price ...