I
n the real estate sector, a hidden gem lies in wait for investors willing to dig beneath the surface. By scrutinizing the Relative Strength Index (RSI), traders can uncover undervalued companies that have been unfairly maligned by the market.
The RSI is a momentum gauge that measures a stock's resilience on up days versus down days. When this ratio dips below 30, it signals an asset may be due for a rebound. According to Benzinga Pro, this threshold indicates oversold conditions.
Here are three real estate stocks trading near or below the 30 RSI mark, ripe for a potential turnaround:
La Rosa Holdings (LRHC) took a hit after announcing a $4.96 million private placement on February 6. The stock plummeted 41% over five days and has a 52-week low of $0.22.
RSI: 25.1
Price Action: LRHC shares dropped 12.4% to close at $0.24 on Tuesday, with Benzinga Pro's real-time newsfeed alerting traders to the latest developments.
Real Messenger Corp (RMSG) has seen its stock decline by 19% over the past month, with a 52-week low of $1.38.
RSI: 28.5
Price Action: RMSG shares fell 3.4% to close at $1.73 on Tuesday, with Benzinga Pro's charting tool highlighting the trend in this stock.
