The most oversold stocks in the financial 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.
SHF Holdings, Inc. SHFS
- SHF Hldgs, during November, posted Q3 earnings of $0.06 per share. The company’s stock has a 52-week low of $0.6720 .
- RSI Value: 27.73
- SHFS Price Action: Shares of SHF Holdings fell 0.9% to close at $0.7950 on Thursday and lost 0.6% in after-hours trading.
FVCBankcorp, Inc. FVCB
- FVCBankcorp posted downbeat quarterly earnings. The company’s stock has a 52-week low of $13.47.
- RSI Value: 20.75
- FVCB Price Action: Shares of FVCBankcorp dropped 0.7% to close at $14.10 on Thursday.
Arrow Financial Corporation AROW
- The company named Penko Ivanov, CPA, MBA, as Chief Financial Officer, Executive Vice President, Treasurer and Chief Accounting Officer of Arrow and its two subsidiary banks, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, as well as its insurance subsidiary, Upstate Agency, LLC., effective February 21, 2023.. The company’s stock has a 52-week low of $28.50.
- RSI Value: 27.81
- AROW Price Action: Shares of Arrow Financial fell 0.4% to close at $30.96 on Thursday.
Penns Woods Bancorp, Inc. PWOD
- Penns Woods Bancorp recently posted Q4 earnings of $0.71 per share. The company’s 52-week low is $21.60.
- RSI Value: 28.66
- PWOD Price Action: Shares of Penns Woods Bancorp gained 0.2% to close at $26.06 on Thursday.
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