The most oversold stocks in the communication services 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.
IHS Holding Limited (NYSE:IHS)
On Jan. 16, IHS Towers and Wendel Group agreed on corporate governance matters. Sam Darwish, IHS Towers Chairman and CEO commented: "We believe the agreement announced today better aligns IHS Towers' corporate governance with that of mature U.S.-listed companies, which was an important goal we set at the time of our public listing. With the support of our pre-IPO shareholder base as well as newer investors post listing, we continue to focus on executing our strategy of creating value for all our stakeholders." The company's stock fell around 22% over the past five days and has a 52-week low of $3.16 .
RSI Value: 15.20
IHS Price Action: Shares of IHS fell 19.8% to close at $3.19 on Thursday.
AMC Entertainment Holdings, Inc. (NYSE:AMC)
On Jan. 7, AMC Entertainment announced that the "Taylor Swift – The Eras Tour" concert film officially became the highest grossing concert and documentary film in box office history. The film is distributed exclusively by AMC Theatres Distribution. The company's stock fell around 34% over the past month. It has a 52-week low of $3.98.
RSI Value: 29.50
AMC Price Action: Shares of AMC Entertainment rose 0.2% to close at $4.06 on Thursday.
iQIYI, Inc. (NASDAQ:IQ)
FingerMotion, Inc. (NASDAQ:FNGR)
On Jan. 16, FingerMotion posted a third-quarter loss of 4 cents per share. "The numbers do not reflect the optimism that management sees going forward," said Martin Shen, CEO of FingerMotion Inc. "We were looking for positive cash flow from our diversification into new business segments by the end of the quarter, but missed the cutoff. Exciting new business segments are underway in the current quarter that could improve revenues, margins, and get us close to our goal of profitability. We are building this business for the long term and innovate our way out of market challenges." The company's shares lost around 42% over the past month. The company's 52-week low is $1.01.
RSI Value: 23.39
FNGR Price Action: Shares of FingerMotion fell 3% to close at $2.30 on Thursday.
通信服務板塊中超賣次數最多的股票爲買入被低估的公司提供了機會。
RSI 是一種動量指標，它比較股票在價格上漲的日子和價格下跌的日子的走勢。與股票的價格走勢相比，它可以讓交易者更好地了解股票在短期內的表現。根據Benzinga Pro的數據，當相對強弱指數低於30時，資產通常被視爲超賣。
以下是該行業主要超賣參與者的最新名單，RSI接近或低於30。
IHS 控股有限公司（紐約證券交易所代碼：IHS）
1月16日，IHS Towers和溫德爾集團就公司治理事宜達成協議。IHS Towers董事長兼首席執行官山姆·達爾維什評論說：“我們認爲，今天宣佈的協議更好地使IHS Towers的公司治理與成熟的美國上市公司的公司治理保持一致，這是我們在公開上市時設定的重要目標。在首次公開募股前股東基礎以及上市後新投資者的支持下，我們將繼續專注於執行爲所有利益相關者創造價值的戰略。”該公司的股票在過去五天中下跌了約22％，並且 52 周低點爲 3.16 美元 。
RSI 值：15.20
IHS價格走勢：週四，IHS股價下跌19.8％，收於3.19美元。
AMC 娛樂控股有限公司（紐約證券交易所代碼：AMC）
愛奇藝公司（納斯達克股票代碼：IQ）
FingerMotion, Inc.（納斯達克股票代碼：FNGR）
1月16日，FingerMotion公佈第三季度每股虧損4美分。“這些數字並不能反映管理層對未來的樂觀情緒，” FingerMotion Inc.首席執行官馬丁·申說，“我們本來希望在本季度末之前通過向新業務領域進行多元化來獲得正現金流，但沒有達到截止日期。本季度正在出現令人興奮的新業務領域，這些業務領域可能會提高收入和利潤率，並使我們接近盈利目標。我們正在長期發展這項業務，並通過創新方式應對市場挑戰。”該公司的股價在過去一個月中下跌了約42％。該公司的52周低點爲1.01美元。
RSI 值：23.39
FNGR價格走勢：週四，FingerMotion股價下跌3％，收於2.30美元。
