Exploring Financial Sector: Find Opportunities in Oversold Stocks

Identifying oversold stocks in the financial sector could lead to potential investment opportunities in undervalued companies.

The Relative Strength Index (RSI) serves as a momentum indicator. It compares how strong a stock’s performance is on days it rises versus days it falls. Typically, an asset is considered oversold when the RSI is below 30, according to Benzinga Pro. This metric helps traders gauge short-term stock performance.

The following are recently highlighted major players in the financial sector with RSIs near or below 30.

DigitalBridge Group Inc DBRG

• On December 11, Truist Securities analyst Anthony Hau maintained a Buy rating on DigitalBridge but lowered the price target from $17 to $15. The stock has declined about 16% over the past month, reaching a 52-week low of $10.55.
• RSI Value: 28.9
• DBRG Price Action: On Thursday, DigitalBridge shares dropped 1.7%, closing at $11.09.
• Benzinga Pro’s real-time newsfeed provided updates on recent DBRG developments.

Mfa Financial Inc MFA

• On December 11, MFA Financial declared a dividend of 35 cents per share. Over the past month, the stock experienced a decline of around 7%, reaching a 52-week low of $9.88.
• RSI Value: 29.9
• MFA Price Action: On Thursday, MFA financial shares modestly increased by 0.3%, closing at $10.22.
• Benzinga Pro’s charting tool was instrumental in tracking the trend of MFA stock.

KeyCorp KEY

• On December 18, KeyCorp reduced its prime lending rate to 7.50%. The stock has decreased about 10% in the last month, hitting a 52-week low of $12.94.
• RSI Value: 26
• KEY Price Action: KeyCorp shares fell 0.9% on Thursday, closing at $16.98.
• Benzinga Pro’s signals feature indicated a potential breakout for KEY shares.

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