Top 5 Tech Stocks You'll Regret Missing This Quarter

The most oversold stocks in the information technology 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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

National Instruments Corporation (NASDAQ:NATI)

• National Instruments posted upbeat first-quarter results. "We delivered strong results with EPS and revenue above the midpoint of our guidance. Revenue for the first quarter was up 13 percent year over year and a record for a first quarter. For Q1, GAAP operating margin was up over 500 bps and non-GAAP operating margin was up over 600 bps as compared to the same quarter last year," said Eric Starkloff, NI President and CEO. The company’s stock has a 52-week low of $33.72 .
• RSI Value: 24.24
• NATI Price Action: Shares of National Instruments fell 0.6% to close at $56.28 on Wednesday.

CalAmp Corp. (NASDAQ:CAMP)

• CalAmp posted a loss for the first quarter. Jeff Gardner, CalAmp’s CEO, commented, “First quarter revenues came in at $70.9 million, up 10% year over year, and we recognized another sequential increase in gross margin and cost efficiencies from our continued expense management efforts which all contributed to a solid first quarter Adjusted EBITDA of $6.0 million.” It has a 52-week low of $0.82.
• RSI Value: 29.63
• CAMP Price Action: Shares of CalAmp fell 5.2% to close at $0.8341 on Wednesday.

WISeKey International Holding AG (NASDAQ:WKEY)

• WISeKey International’s subsidiary SEALSQ has been selected by DUCTECH Co., Ltd. to provide matter-trusted device attestation certificates. The company’s stock has a 52-week low of $2.95.
• RSI Value: 17.42
• WKEY Price Action: Shares of WISeKey International fell 2.1% to close at $4.17 on Wednesday.

Neonode Inc. (NASDAQ:NEON)

• Neonode posted a narrower loss for the first quarter. "Our licensing revenues during Q1 were stable indicating that the global supply chain challenges related to semiconductor supply shortages that have hampered our printer and automotive customers' production and sales for the last two years are beginning to improve and that demand for our customers' products is still strong," said Dr. Urban Forssell, Neonode's CEO. The company’s 52-week low is $3.30.
• RSI Value: 23.60
• NEON Price Action: Shares of Neonode fell 1.6% to close at $4.39 on Wednesday.

Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS)

• Powerbridge Technologies recently announced a 1-for-30 share consolidation. The company has a 52-week low of $0.0520.
• RSI Value: 25.18
• PBTS Price Action: Shares of Powerbridge Technologies rose 11% to close at $0.3850 on Wednesday.

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