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.

Cineverse Corp. (NASDAQ:CNVS)

Fangdd Network Group Ltd. (NASDAQ:DUO)

• Fangdd Network announced an $8 million registered direct offering of 11,428,565 shares at a purchase price of $0.70 per share. It has a 52-week low of $0.1950.
• RSI Value: 23.61
• DUO Price Action: Shares of Fangdd Network fell 8.6% to close at $0.2011 on Thursday.

Spark Networks SE (NASDAQ:LOV)

• Spark Networks said Colleen Birdnow Brown will step in as interim CEO. The company’s stock has a 52-week low of $0.19.
• RSI Value: 26.93
• LOV Price Action: Shares of Spark Networks fell 1.4% to close at $0.2019 on Thursday.

Mobiquity Technologies, Inc. (NASDAQ:MOBQ)

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