The most oversold stocks in the financials 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.
UWM Holdings Corp (NYSE:UWMC)
- On Oct. 8, Barclays analyst Mark Devries upgraded UWM Hldgs from Underweight to Equal-Weight and raised the price target from $6 to $8. The company's stock fell around 16% over the past five days and has a 52-week low of $4.77.
- RSI Value: 28.51
- UWMC Price Action: Shares of UWM Holdings fell 0.9% to close at $7.29 on Friday.
- Benzinga Pro's real-time newsfeed alerted to latest UWMC news.
Gladstone Capital 7 75 Notes due 2028 (NASDAQ:GLADZ)
- It has a 52-week low of $24.51.
- RSI Value: 24.51
- GLADZ Price Action: Shares of GLADZ fell 0.02% to close at $25.55 on Friday.
- Benzinga Pro's charting tool helped identify the trend in GLADZ stock.
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