The most oversold stocks in the financial 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.
DigitalBridge Group Inc (NYSE:DBRG)
- On Dec. 11, Truist Securities analyst Anthony Hau maintained DigitalBridge with a Buy and lowered the price target from $17 to $15.. The company's stock fell around 16% over the past month and has a 52-week low of $10.55.
- RSI Value: 28.9
- DBRG Price Action: Shares of DigitalBridge fell 1.7% to close at $11.09 on Thursday.
- Benzinga Pro's real-time newsfeed alerted to latest DBRG news.
Mfa Financial Inc (NYSE:MFA)
- On Dec. 11, MFA Financial announced a dividend of 35 cents per share. The company's stock fell around 7% over the past month and has a 52-week low of $9.88.
- RSI Value: 29.9
- MFA Price Action: Shares of Mfa Financial gained 0.3% to close at $10.22 on Thursday.
- Benzinga Pro's charting tool helped identify the trend in MFA stock.
KeyCorp (NYSE:KEY)
- On Dec. 18, KeyCorp lowered its prime lending rate to 7.50%. The company's stock fell around 10% over the past month and has a 52-week low of $12.94.
- RSI Value: 26
- KEY Price Action: Shares of KeyCorp fell 0.9% to close at $16.98 on Thursday.
- Benzinga Pro's signals feature notified of a potential breakout in KEY shares.
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