Top 4 Tech And Telecom Stocks That May Rocket Higher This Quarter

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.

LQR House Inc. (NASDAQ:LQR)

Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT)

Grom Social Enterprises, Inc. (NASDAQ:GROM)

  • Grom Social priced a $3 million offering. The company’s stock has a 52-week low of $1.26.
  • RSI Value: 22.99
  • GROM Price Action: Shares of Grom Social Enterprises fell 5.7% to close at $1.32 on Thursday.

Cuentas Inc. (NASDAQ:CUEN)

  • The company’s stock fell 28% over the past month. The company’s 52-week low is $1.30.
  • RSI Value: 28.99
  • CUEN Price Action: Shares of Cuentas fell 2.9% to close at $1.36 on Thursday.

 

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