The most oversold stocks in the materials 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.
Americas Gold and Silver Corporation (NYSE:USAS)
- On Oct. 20, HC Wainwright & Co. analyst Heiko F. Ihle reiterated Americas Gold And Silver with a Buy and maintained a $9.25 price target. The company’s stock fell around 36% over the past month and has a 52-week low of $3.02.
- RSI Value: 29.7
- USAS Price Action: Shares of Americas Gold and Silver dipped 3.8% to close at $3.07 on Friday.
- Edge Stock Ratings: 10.78 Momentum score.
ASP Isotopes Inc (NASDAQ:ASPI)
- On Oct. 15, ASP Isotopes’ Quantum Leap Energy LLC signed a Heads of Agreement with the Nuclear Energy Corporation of South Africa SOC Limited. The company’s stock fell around 34% over the past month and has a 52-week low of $1.89.
- RSI Value: 29.9
- ASPI Price Action: Shares of ASP Isotopes fell 6.9% to close at $1.94 on Friday.
- Benzinga Pro’s charting tool helped identify the trend in ASPI stock.
Coeur Mining, Inc (NYSE:CDE)
- Coeur Mining said it will report its third quarter operational and financial results after the closing bell on Wednesday, Nov. 4. The company’s stock fell around 30% over the past month and has a 52-week low of $13.16.
- RSI Value: 29
- CDE Price Action: Shares of Coeur Mining fell 3.1% to close at $13.45 on Friday.
- Benzinga Pro’s signals feature notified of a potential breakout in CDE shares.
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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