Top 5 Tech Stocks Which Could Rescue Your Portfolio This Month

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.

Tingo Group, Inc. TIO

• A short report from Hindenburg Research recently hit Tingo Group, calling it an "exceptionally obvious scam" with alleged falsified financials. The company’s stock has a 52-week low of $0.5430 .
• RSI Value: 28.79
• TIO Price Action: Shares of Tingo Group fell 18.3% to close at $0.9640 on Monday.

Semantix, Inc. STIX

• Semantix clocked a 1% year-over-year revenue growth in the first quarter to R$40 million. It has a 52-week low of $0.5510.
• RSI Value: 29.94
• STIX Price Action: Shares of Semantix fell 5.5% to close at $2.08 on Monday.
• SecureWorks Corp. SCWX
• SecureWorks reported worse-than-expected first-quarter financial results and issued second-quarter guidance below estimates. "I'm proud of our competitive advantage in the Managed XDR market. Our holistic approach, combined with our open XDR strategy, drives better security outcomes for customers, as reflected in the continued strong momentum in Taegis this quarter," said Wendy Thomas, CEO, Secureworks. The company’s stock has a 52-week low of $5.28.

• RSI Value: 23.03

• SCWX Price Action: Shares of SecureWorks fell 4.1% to close at $6.59 on Monday.

PagerDuty, Inc. PD

• PagerDuty issued weak revenue guidance. "PagerDuty demonstrated balanced growth in Q1 with solid revenue growth of 21% and record 16% non-GAAP operating margin—up 1,800 basis points with 20% free cash flow margin," said Jennifer Tejada, Chairperson and CEO, PagerDuty. The company’s 52-week low is $19.51
• RSI Value: 26.91
• PD Price Action: Shares of PagerDuty rose 0.5% to close at $22.20 on Monday.

Intevac, Inc. IVAC

• Intevac posted a narrower-than-expected quarterly loss. "We are pleased to deliver Q1 revenues at the upper end of our expectations, which is demonstrative of our strong partnerships with our hard disk drive (HDD) customers as we continue to enable the successful migrations of their technology roadmaps," commented Nigel Hunton, president and chief executive officer. The company has a 52-week low of $4.25.
• RSI Value: 28.00
• IVAC Price Action: Shares of Intevac rose 0.7% to close at $4.33 on Monday.

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