Top 3 Financial Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the financial sector, with RSI values below 30, include Waterdrop Inc. (WDH), WisdomTree Chinese Yuan Strategy Fund (CYB), and The OLB Group, Inc. (OLB). These stocks present an opportunity to buy into undervalued companies.
June 08, 2023 | 12:23 pm
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WisdomTree Chinese Yuan Strategy Fund has an RSI value of 23.59, with shares falling 0.3% to close at $24.37 on Wednesday.
WisdomTree Chinese Yuan Strategy Fund is considered oversold with an RSI value of 23.59, indicating that the ETF may be undervalued. The 0.3% decline in shares on Wednesday further supports the oversold status, suggesting a potential rebound in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The OLB Group, Inc. reported worse-than-expected Q1 results, with an RSI value of 20.99. Shares fell 4% to close at $0.5954 on Wednesday.
The OLB Group, Inc. is considered oversold with an RSI value of 20.99, indicating that the stock may be undervalued. The worse-than-expected Q1 results may have contributed to the stock's decline, but the low RSI value suggests a potential rebound in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Waterdrop Inc. reported worse-than-expected Q1 results, with an RSI value of 26.62. Shares fell 1.7% to close at $2.34 on Wednesday.
Waterdrop Inc. is considered oversold with an RSI value of 26.62, which indicates that the stock may be undervalued. The worse-than-expected Q1 results may have contributed to the stock's decline, but the low RSI value suggests a potential rebound in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100