The real estate sector has some oversold stocks that could be a good investment opportunity. The RSI is a momentum indicator that compares a stock’s strength on up days to its strength on down days. When the RSI is below 30, it indicates that the asset is oversold. Here are two major oversold players in the real estate sector:
1. Ohmyhome Limited (OMH):
– Ohmyhome and Webuy Global have announced a strategic collaboration in Singapore.
– The stock has fallen around 36% in the past month and has a 52-week low of $0.90.
– RSI Value: 23.87
– OMH Price Action: Shares fell 2.1% to close at $0.95 on Wednesday.
2. Peakstone Realty Trust (PKST):
– The company posted downbeat third-quarter sales but remains confident in its business plan.
– The stock has fallen around 10% in the past five days and has a 52-week low of $12.29.
– RSI Value: 27.43
– PKST Price Action: Shares fell 4.5% to close at $14.48 on Wednesday.