Top 5 Tech And Telecom Stocks That May Explode This Month

The most oversold stocks in the communication services 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.

MediaAlpha, Inc. MAX

• MediaAlpha posted a Q4 loss of $0.63 per share. The company is scheduled to release Q1 results on May 4, 2023. The company’s stock has a 52-week low of $7.59 .
• RSI Value: 29.27
• MAX Price Action: Shares of MediaAlpha fell 7.9% to close at $9.55 on Tuesday.

EverQuote, Inc. EVER

• Oppenheimer downgraded EverQuote from Outperform to Perform. The company’s stock has a 52-week low of $5.23.
• RSI Value: 23.15
• EVER Price Action: Shares of EverQuote fell 5.5% to close at $7.98 on Tuesday.

Beasley Broadcast Group, Inc. BBGI

• Beasley Broadcast Group posted a Q4 loss of $0.87 per share. The company is expected to report its 2023 first quarter financial results on April 26, 2023. The company’s stock has a 52-week low of $0.75.
• RSI Value: 29.20
• BBGI Price Action: Shares of Beasley Broadcast rose 0.1% to close at $0.7601 on Tuesday.

Lee Enterprises, Incorporated LEE

• Lee Enterprises reported weaker-than-expected Q1 results. “Lee delivered strong first quarter digital growth with consistent execution of our Three Pillar Digital Growth Strategy,” said Kevin Mowbray, President and Chief Executive Officer. The company’s 52-week low is $12.05.
• RSI Value: 25.10
• LEE Price Action: Shares of Lee Enterprises rose 1.9% to close at $12.41 on Tuesday.

VEON Ltd. VEON

• VEON Ltd VEON reported a fourth-quarter FY22 revenue decline of 4.9% year-on-year to $940 million (+18.6% Y/Y in local currency). Kaan Terzioğlu, VEON Group CEO, said, “In the final quarter of 2022, we added further operational momentum and recorded double-digit local currency revenue growth in five of our countries, doubling the growth rate from a year ago.” The company has a 52-week low of $14.44.
• RSI Value: 20.09
• VEON Price Action: Shares of VEON gained 5.8% to close at $20.63 on Tuesday.

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