Top 5 Tech Stocks That May Rally

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.

Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share

Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

ForgeRock, Inc. FORG

ForgeRock, during November, posted a Q3 loss of $0.01 per share. The company’s stock has a 52-week low of $11.94 .
RSI Value: 27.76
FORG Price Action: Shares of ForgeRock rose 0.2% to settle at $19.84 on Monday and added 0.1% in after-hours trading.

MoneyGram International, Inc. MGI

MoneyGram said one regulatory approval is remaining for merger with Madison Dearborn Partners. The company’s stock has a 52-week low of $8.47.
RSI Value: 21.86
MGI Price Action: Shares of MoneyGram International fell 0.8% to close at $10.78 on Monday and lost 0.2% in after-hours trading.

Arqit Quantum Inc. ARQQ

Arqit Quantum, last month, reported FY22 results and filed for a mixed shelf of up to $100 million. The company’s stock has a 52-week low of $1.99.
RSI Value: 28.83
ARQQ Price Action: Shares of Arqit Quantum fell 4.3% to close at $2.03 on Monday and added 3% in after-hours trading.

Plexus Corp. PLXS

Plexus reported worse-than-expected Q1 sales results and issued Q2 EPS and revenue guidance below estimates. The company’s 52-week low is $74.53.
RSI Value: 25.02
PLXS Price Action: Shares of Plexus fell 1.5% to close at $92.12 on Monday and added 2.4% in after-hours trading.

Cerberus Cyber Sentinel Corporation CISO

Cerberus Sentinel recently announced plans to acquire RAN Security. The company has a 52-week low of $1.30.
RSI Value: 11.55
CISO Price Action: Shares of Cerberus Cyber Sentinel dropped 12.6% to close at $1.39 on Monday and added 2.9% in after-hours trading.