Top 5 Materials Stocks That Could Lead To Your Biggest Gains In March


The most oversold stocks in the materials 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.

Myers Industries, Inc. MYE

  • Myers Industries reported worse-than-expected Q4 sales results. Myers Industries President and CEO Mike McGaugh said, "2022 was a strong year as Myers posted record results in each quarter with robust top- and bottom-line growth, serving as proof that our 3-Horizon strategy is working." The company’s stock has a 52-week low of $15.88 .
  • RSI Value: 22.89
  • MYE Price Action: Shares of Myers Industries dropped 15.4% to close at $21.87 on Wednesday.

Venator Materials PLC VNTR

  • Venator Materials posted upbeat quarterly earnings. Simon Turner, President and CEO of Venator, commented, "The year started well with strong TiO2 demand across all regions which enabled us to increase prices and offset cost inflation. However, the macroeconomic environment deteriorated sharply in the second half of 2022 due to significantly lower product demand and higher raw material and energy costs." The company’s stock has a 52-week low of $0.41.
  • RSI Value: 25.31
  • VNTR Price Action: Shares of Venator Materials fell 14.4% to close at $0.4108 on Wednesday.

PureCycle Technologies, Inc. PCT

  • PureCycle Technologies, during November, reported worse-than-expected Q3 EPS results. The company’s stock has a 52-week low of $5.70.
  • RSI Value: 28.16
  • PCT Price Action: Shares of PureCycle Technologies fell 3.3% to close at $6.17 on Wednesday.

International Flavors & Fragrances Inc. IFF

  • International Flavors & Fragrances reported worse-than-expected Q4 sales results and issued FY23 revenue guidance below estimates. "IFF delivered solid financial results in 2022 in what continues to be a challenging operating environment," said IFF CEO Frank Clyburn. The company’s 52-week low is $83.14.
  • RSI Value: 29.38
  • IFF Price Action: Shares of International Flavors & Fragrances fell 1.7% to close at $91.64 on Wednesday.

Golden Minerals Company AUMN

  • Golden Minerals, during November, posted a Q3 loss of $0.02 per share. The company has a 52-week low of $0.21.
  • RSI Value: 24.54
  • AUMN Price Action: Shares of Golden Minerals dropped 0.6% to close at $0.22 on Wednesday.

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