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.
RLJ Lodging Trust (NYSE:RLJ)
On June 14, RLJ Lodging Trust declared a quarterly cash dividend of 10 cents per common share of beneficial interest. The company's stock fell around 5% over the past month and has a 52-week low of $9.06.
RSI Value: 29.12
RLJ Price Action: Shares of RLJ Lodging Trust fell 0.6% to close at $9.46 on Wednesday.
Benzinga Pro's real-time newsfeed alerted to latest RLJ's news.
Weyerhaeuser Co (NYSE:WY)
Weyerhaeuser Company is scheduled to release second quarter 2024 results on Thursday, July 25, after the closing bell. The company's stock fell around 6% over the past month. It has a 52-week low of $27.86.
RSI Value: 25.02
WY Price Action: Shares of Weyerhaeuser fell 1.1% to close at $27.96 on Wednesday.
Benzinga Pro's charting tool helped identify the trend in Weyerhaeuser's stock.
CoStar Group Inc (NASDAQ:CSGP)
On June 18, CoStar Group named Chris Lown as Chief Financial Officer. "As we seek to build upon our strong performance in recent years, I'm confident Chris is the right person to lead CoStar Group's financial operations," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. The company's stock fell around 13% over the past month and has a 52-week low of $67.35.
RSI Value: 27.30
CSGP Price Action: Shares of CoStar Group fell 1.4% to close at $72.85 on Wednesday.
Benzinga Pro's signals feature notified of a potential breakout in CSGP's shares.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
