Top 5 Industrials Stocks Which Could Rescue Your Portfolio This Quarter
$CYD
$EAF
$KITT
$SFWL
Industrial Machinery/Components
Industrials
Industrial Machinery/Components
Energy
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.
Nauticus Robotics, Inc. (NASDAQ:KITT)
- On Oct. 3, Nauticus Robotics disclosed a deal to acquire 3D at Depth, Inc. for about $34 million in stock, before certain purchase price adjustments and the assumption of debt of around $4.1 million. The company’s stock fell around 55% over the past month and has a 52-week low of $0.70 .
- RSI Value: 21.76
- KITT Price Action: Shares of Nauticus Robotics gained 1.8% to close at $0.7390 on Monday.
China Yuchai International Limited (NYSE:CYD)
- On Oct. 3, China Yuchai’s subsidiary won an order for 20MW ferroalloy off-gas power generation. The company’s stock fell around 15% over the past month. It has a 52-week low of $6.73.
- RSI Value: 26.65
- CYD Price Action: Shares of China Yuchai International fell 0.8% to close at $7.93 on Monday.
Velo3D, Inc. (NYSE:VLD)
- On Dec. 15, Velo3D said Benny Buller has stepped down as the company’s Chief Executive Officer, effective immediately. The company’s stock fell around 7% over the past five days and has a 52-week low of $0.5020.
- RSI Value: 28.66
- VLD Price Action: Shares of Velo3D fell 6.2% to close at $0.5301 on Monday.
Shengfeng Development Limited (NASDAQ:SFWL)
- The company’s shares lost around 68% over the past five days. The company’s 52-week low is $2.94.
- RSI Value: 20.52
- SFWL Price Action: Shares of Shengfeng Development fell 51.7% to close at $4.79 on Monday.
GrafTech International Ltd. (NYSE:EAF)
- On Nov. 3, GrafTech International posted downbeat results for its third quarter. The company’s shares fell around 13% over the past month. The company has a 52-week low of $2.17.
- RSI Value: 23.29
- EAF Price Action: Shares of GrafTech International fell 9.2% to close at $2.18 on Monday.
