Top 3 Industrials Stocks Which Could Rescue Your Portfolio This Quarter
Author: Avi Kapoor | January 07, 2025 08:58am
The most oversold stocks in the industrials 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.
On Nov. 20, Euroseas posted upbeat quarterly results. Aristides Pittas, Chairman and CEO of Euroseas commented: “During the third quarter of 2024, the containership markets remained around the levels reached during the first half of the year although chartering activity slowed down. However, in October and through mid-November 2024, the market has strengthened and charterers’ interest in concluding charters, many of them with forward fixings, increased." The company's stock fell around 6% over the past month and has a 52-week low of $31.14.
RSI Value: 29.3
ESEA Price Action: Shares of Euroseas fell 2.2% to close at $35.19 on Monday.
Benzinga Pro’s charting tool helped identify the trend in ESEA stock.
On Dec. 5, Graphjet Technology named Liu Yu Chief Operating Officer and Chief Scientific Officer. The company's shares lost around 67% over the past month. The company's 52-week low is $0.18.
RSI Value: 21.7
GTI Price Action: Shares of Graphjet Technology fell 23.6% to close at $0.68 on Monday.
