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, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
EPWK Holdings Ltd (NASDAQ:EPWK)
- On May 27, EPWK Holdings posted a H2 loss of 3 cents per share. The company's stock fell around 15% over the past month and has a 52-week low of $0.41.
- RSI Value: 24.5
- MKZR Price Action: Shares of EPWK Holdings fell 3.3% to close at $0.50 on Thursday.
- Edge Stock Ratings: Value at 35.23.
HUYA Inc – ADR (NYSE:HUYA)
Gibo Holdings Ltd (NASDAQ:GIBO)
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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