Top 3 Materials Stocks Which Could Blast Off This Month
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the materials sector with potential for short-term gains: Tantech Holdings Ltd (TANH), N2OFF Inc (NITO), and Scully Royalty Ltd (SRL). These stocks have low RSI values, indicating they may be undervalued.
August 21, 2024 | 11:26 am
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N2OFF Inc (NITO) has an RSI of 28.60, suggesting it is oversold. The company plans to monetize emission reductions through its subsidiary, Save Foods, which could impact future performance.
NITO's low RSI indicates it is oversold, which may lead to a price increase. The company's strategic plans to monetize emission reductions could positively impact its valuation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Scully Royalty Ltd (SRL) is oversold with an RSI of 28.37. Despite a 20% decline over five years, recent signals suggest a potential breakout.
SRL's low RSI suggests it is oversold, which may lead to a price rebound. Recent signals of a potential breakout could attract investors looking for growth opportunities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Tantech Holdings Ltd (TANH) is oversold with an RSI of 16.88, indicating potential undervaluation. The stock recently regained Nasdaq compliance and has seen a 76% drop over the past month.
TANH's low RSI suggests it is oversold, which often indicates a potential for price rebound. The recent compliance with Nasdaq and a significant price drop may attract investors looking for undervalued stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100