Top 2 Real Estate Stocks That Are Set To Fly In Q4

The most oversold stocks in the real estate 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, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Altisource Portfolio Solutions S.A. ASPS

• On Nov. 30, Altisource Portfolio Solutions said Hubzu expanded collaboration with NCST to increase access to affordable housing. “Our ongoing collaboration with NCST signifies a pledge to uplift communities, ensuring that every American, regardless of their background, has access to affordable housing,” said Travis Britsch, General Manager, Hubzu. The company’s stock fell around 14% over the past five days and has a 52-week low of $3.00 .
• RSI Value: 27.67
• ASPS Price Action: Shares of Altisource Portfolio Solutions gained 5.3% to close at $3.20 on Thursday.

FLJ Group Limited FLJ

• On Dec. 1, FLJ Group announced plan to implement ADS ratio change from 1 ADS representing 15,000 Class A shares to 1 ADS representing 600,000 Class A shares (1-for-40). The company’s stock fell around 71% over the past month. It has a 52-week low of $1.04.
• RSI Value: 28.14
• FLJ Price Action: Shares of FLJ Group fell 3.1% to close at $1.24 on Thursday.

Read More: Insiders Buying Mistras Group And 2 Other Stocks