The most oversold stocks in the health care 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.
Tevogen Bio Holdings Inc. (NASDAQ:TVGN)
- On May 1, Tevogen Bio announced full year 2023 financial results and upcoming operational objectives. The company's stock fell around 64% over the past month and has a 52-week low of $0.8030 .
- RSI Value: 19.57
- TVGN Price ...