Top 5 Tech Stocks That Are Set To Fly This Quarter
Portfolio Pulse from Lisa Levin
The article lists five tech stocks that are considered oversold and may present buying opportunities. These include Rimini Street, Inc. (RMNI), WISeKey International Holding AG (WKEY), Neonode Inc. (NEON), T Stamp Inc. (IDAI), and SOBR Safe, Inc. (SOBR). The stocks are considered oversold based on their Relative Strength Index (RSI) values, which are all near or below 30.
July 31, 2023 | 11:13 am
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NEUTRAL IMPACT
T Stamp recently announced pricing of a $2.9 million registered direct offering at $2.30 per share. Its RSI value is 26.06.
The direct offering could dilute existing shares, potentially having a negative impact. However, the low RSI value suggests it may be oversold and could rebound.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Neonode posted a Q1 loss but indicated improving conditions in the global supply chain. Its RSI value is 25.36.
The Q1 loss is a negative sign, but the improving supply chain conditions could benefit the company. The low RSI value suggests it may be oversold and could rebound.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Rimini Street was recently downgraded from Buy to Hold by Craig-Hallum with a $3 price target. Its RSI value is 20.43.
The downgrade from Craig-Hallum may have a negative impact on the stock. However, the low RSI value indicates it may be oversold and could rebound.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SOBR Safe has initiated commercial production of its alcohol detection wristband, SOBRsure. Its RSI value is 21.53.
The initiation of commercial production is a positive development for the company. The low RSI value suggests it may be oversold and could rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WISeKey International reported a 39% Y/Y increase in H1 FY23 revenues. Its RSI value is 17.58.
The significant increase in revenues is a positive sign for the company. The low RSI value suggests it may be oversold and could rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100