Top 3 Materials Stocks That Could Lead To Your Biggest Gains In December
Portfolio Pulse from Avi Kapoor
The article highlights three materials sector stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting potential buying opportunities for undervalued companies. ReTo Eco-Solutions, Inc. (RETO) has an RSI of 26.55 and recently received a Nasdaq notification regarding minimum bid price deficiency. Tantech Holdings Ltd (TANH) secured a major contract in August but has seen its stock fall by 31% over the past five days, with an RSI of 28.38. CN Energy Group. Inc. (CNEY) announced a significant activated carbon order in September, yet its stock also dropped by 31% over the past five days, with an RSI of 22.90.
December 21, 2023 | 12:03 pm
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CN Energy Group announced a $1.64 million order for activated carbon but experienced a 31% stock drop over five days, with an RSI of 22.90, suggesting overselling.
CNEY's low RSI indicates overselling, which could lead to a short-term price increase, especially in light of the recent large order. However, the recent drop adds caution.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ReTo Eco-Solutions has a low RSI of 26.55 and recently faced a Nasdaq minimum bid price deficiency notice. The stock gained 3.1% recently, indicating potential for a rebound.
The low RSI suggests that RETO is oversold and may rebound in the short term, especially after a recent gain. However, the Nasdaq notice is a concern that could limit upside.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tantech Holdings secured a significant contract in August but has seen a 31% stock decline over five days, with an RSI of 28.38, indicating possible undervaluation.
Despite securing a major contract, TANH's stock has fallen significantly, and the low RSI could mean the stock is due for a correction. The contract news may provide some support.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 80