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.

• On Nov. 28, Connexa Sports Technologies posted a loss of $14.29 per share for the second quarter. “Our underlying Slinger Bag business continues to be strong and our focus on reducing our operating expense burden is already driving significant improvements in operating and net income results for both the quarter and half-year periods. Our expectation remains unchanged in that we expect to deliver revenue growth at least 10% for fiscal 2024 and to deliver sustainable operating profitability within the fourth quarter,” said Mike Ballardie, CEO of Connexa Sports Technologies. The company’s stock fell around 46% over the past month and has a 52-week low of $0.1670 .
• RSI Value: 28.54
• CNXA Price Action: Shares of Connexa Sports Technologies jumped 20.5% to close at $0.2110 on Tuesday.