The real estate sector presents an opportunity to buy into undervalued companies that have been oversold.
The Relative Strength Index (RSI) is a momentum indicator used to gauge a stock’s strength. When the RSI is below 30, the stock is typically considered oversold. Such stocks often present a short-term opportunity for traders.
Here are two major oversold players in the real estate sector:
Ohmyhome Limited
OMH
- On Jan. 8, Ohmyhome and Webuy Global announced a strategic collaboration to cross-sell their distinct services in Singapore. Following this news, the company’s stock fell around 36% over the past month and currently has a 52-week low of $0.90.
- RSI Value: 23.87
- OMH Price Action: Shares of Ohmyhome fell 2.1% to close at $0.95 on Wednesday.
Peakstone Realty Trust
PKST
- On Nov. 9, Peakstone Realty Trust posted downbeat third-quarter sales and its stock fell around 10% over the past five days. The company currently has a 52-week low of $12.29.
- RSI Value: 27.43
- PKST Price Action: Shares of Peakstone Realty Trust fell 4.5% to close at $14.48 on Wednesday.
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