Top 3 Tech Stocks That May Explode In September

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, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Gen Digital Inc (NASDAQ:GEN)

• On Aug. 6, Gen Digital posted better-than-expected quarterly earnings and raised FY2027 guidance. “We are deepening our trusted relationships with customers, helping them stay secure and confident across their digital and financial lives,” said Vincent Pilette, CEO of Gen. The company’s stock fell around 11% over the past five days and has a 52-week low of $17.78.
• RSI Value: 29.7
• GEN Price Action: Shares of Gen Digital fell 6.4% to close at $27.29 on Tuesday.
• Edge Stock Ratings: 77.29 Momentum score with Value at 31.35.

JinkoSolar Holding Co., Ltd (NYSE:JKS)          

• On Aug. 26, JinkoSolar reported worse-than-expected second-quarter financial results. Mr. Dimi Du, JinkoSolar’s Chief Executive Officer, said, “Module shipments increased sequentially to approximately 16 GW during the quarter, bringing first half module shipments to approximately 29.6 GW, once again at the forefront of industry.” The company’s stock fell around 35% over the past month and has a 52-week low of $9.99.
• RSI Value: 26.7
• JKS Price Action: Shares of JinkoSolar fell 0.8% to close at $10.48 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in JKS stock.

Blend Labs Inc (NYSE:BLND)

• On Aug. 6, Blend Labs reported second-quarter financial results and issued weak third-quarter sales guidance. “We delivered Q2 with revenue near the high end and non-GAAP operating income above the high end of our guidance, and we did it in a market that isn’t giving us much help,” said Nima Ghamsari, Co-founder and Head of Blend. The company’s stock fell around 22% over the past month has a 52-week low of $1.16.
• RSI Value: 27.1
• BLND Price Action: Shares of Blend Labs fell 6.4% to close at $1.17 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in BLND shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Photo via Shutterstock