Top 3 Tech And Telecom Stocks You'll Regret Missing In Q2
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the communication services sector: Orange S.A. (NYSE:ORAN), Sify Technologies Limited (NASDAQ:SIFY), and VS Media Holdings Ltd (NASDAQ:VSME). These stocks have RSI values below 30, indicating potential buying opportunities.
June 13, 2024 | 12:16 pm
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Sify Technologies Limited (NASDAQ:SIFY) announced the voluntary delisting date of its ADS rights from Nasdaq. The stock has fallen around 52% over the past five days and has an RSI value of 23.85, indicating it is oversold.
The delisting announcement and significant price drop may create uncertainty, but the low RSI value indicates the stock is oversold. Investors should be cautious and consider the potential risks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Orange S.A. (NYSE:ORAN) has been reinstated with an Overweight rating by JP Morgan analyst Akhil Dattani. The stock has fallen around 9% over the past five days and has an RSI value of 23.57, indicating it is oversold.
The Overweight rating from JP Morgan and the low RSI value suggest that ORAN is currently undervalued and may present a buying opportunity. The recent price drop further supports this potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VS Media Holdings Ltd (NASDAQ:VSME) announced a 1-for-7 share combination. The stock has fallen around 30% over the past five days and has an RSI value of 23.90, indicating it is oversold.
The share combination and recent price drop suggest that VSME is currently undervalued. The low RSI value indicates it is oversold, presenting a potential buying opportunity.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100